Eater was at the meeting, and they report:
A yet-to-be-named group surfaced with a proposal to utilize the old Butterfly space, a stone's throw away from Sigmund, for a 3,000 square foot Italian restaurant, catering company and lounge "with an occasional D.J." This scenario sounds familiar - and the residents didn't hesitate to show their fresh battle scars from the throes of Le Souk, China 1 and Carnivale, all restaurants-gone-clubs that they say wrecked havoc on the peace and quiet in their 'hood. Needless to say, this was too much for CB3 and the community representatives to stomach, and after a lengthy dispute of pros and cons, the motion was denied.
The Lo-Down was also there... and we can't wait for the rest of their report. As they wrote: "This evening was a bizarre one even for CB3’s SLA Committee. Tomorrow we’ll have details of a series of tense confrontations between CB3’s David McWater and other members of the committee."
UPDATED: Here's their epic McWater report.