Are we back to restoration now?

From the City Manager's report of 12/23/11:

And didn't someone's campaign literature talk about November 2012 - or are we to forget about that?  Isn't the building done when the utilities to it (water, sewer, electric) are completed?  That's not happening by Spring of 2012.  It also is finished when the tenants move in, open for business and pay market rents.  When is that happening?