 A potential issue with the proposal was the value of the Algiers property, which was lower than the Harmon property.Kifer's attorneys stated that the Algiers land was worth nearly as much as the $21 million Harmon property, despite Kifer's earlier stance that the property was only worth $3.8 million.Kifer's attorneys stated that the differing values were based on the property with the outdated hotel structure on it and the property value in the event that the 1,000-room hotel resort was built.