Monday, September 3, 2001 Queensway   I looked in vain (Aug. 25) for any mention of the cancellation of the Aug. 29 State Lands Commission meeting. Items 88 and 89 on the " land swap," which the city was hoping would allow movie theaters, book store and day spa on the Queensway Bay retail development north of Shore Many are beginning to question this whole development proposal and for good reason. The city auditor estimates over $350 million has been spent on this development so far. In 1964, almost $11 million of tidelands funds were used to fill the tidelands south of Seaside Walk. In the '80s over $2 million of federal funds were used to develop Shoreline Park, which was later torn up to build the aquarium and parking where the public could walk along the shoreline and have views of the Pacific Ocean. DDR' s current plan for the project will fill all the remaining land south of Shoreline Drive between the aquarium and Shoreline Village he visitors will have to cross on the " roller coaster bridge" over Shoreline. The 14 acres north of Shoreline Drive are scheduled for non-permitted tidelands uses, so in an effort to not create a " state precedent," a " land swap" has been proposed by the city manager and the State Lands Commission staff. Three nonadjacent parcels of the property north of shoreline, equaling three acres, would be exchanged for the 10-plus city-owned acres in the middle of the 710 Freeway and along the L.A. River dike, already planned as wetland restoration/park sites. Thus, the city would be able to build anything it wished on the Shoreline property, but would have to abide by state public trust restrictions on the wetlands/freeway median property. There is no public benefit to this " deed-restriction" swap only the developer gains by being allowed to use for personal gain what is currently restricted public trust land. Ann Cantrell Long Beach