I've been following this thread for a little while, and I guess I've decided to vote Yes on B.
Reasons I have adopted this:
1) Others have made a compelling case that this is the most sure fire way to get the cemetery built. A No on B merely ensures that 5P develops the Strawberry fields. Sorry, BTB, but your cat is losing those fields whether or not the initiative passes. However, No on B does NOT ensure that the Cemetery gets built at the original site. That land needs to be cleaned up, and since there is no guarantee that the City pays for it, I foresee Measure G in 2019 where people are voting down bonds or allocations of MR funds, then Measure Z in 2020 where concerned homeowners are fighting to keep the cemetery from being built in any case. After all, those homeowners complaining about more houses and buildings today can quickly turn to condemning a cemetery tomorrow.
2) I am not persuaded by appeals to 5P's profit motive here. Of course they are going to get money- just as the developers who build my house got lots of money. And they should- they built an amazing house and an amazing neighborhood for me to live in. I love it, and will happily enrich any "evil" corporation that turns a profit giving people what they want. Now I know this is a different matter for people living nearby- they get none of the value of a new housing/commercial/whatever tract and suffer the externalized costs (traffic, crowding, etc). They likely make a different decision here- not because an evil corporation stands to make money, but because the the developed land imposes these externalities. If 5P were a Not For Profit, those homeowners would have the same grounds to object.
3) I am not persuaded by appeals to the corruption of the government. Of course the government is corrupt. But no one offers any explanation as to how a yes or no will make the government less corrupt. Everything tells me that much of this political battle is about which corrupt government/crony team will win. So instead, I am just looking at the downstream effects of this. A YES means that a corporation (5P) will pay to clean up the original site and develop it, and also kick in money to develop the cemetery on strawberry fields. A No means that Strawberry Fields will be developed anyways, while the fate of cleanup and development of the cemetery continues to be a question.
It's a pity that the dreams of a Great Park imparted to me when I moved here several years ago are now becoming "More residential/commercial buildings and a couple recreational facilities", but that frankly is beyond the scope of this current initiative. I am not significantly concerned about the ethnicity of whomever decides to buy houses in those areas. If I were really concerned that the people in my neighborhood don't look like me (caucasian), then I probably wouldn't have settled in Irvine anyways. I understand many people- especially folks who lived here for decades- will have a different perspective as they see their city change around them. I respect their view, but just don't share it.
Anyway, that's my thoughts on the matter, and my decision barring any other information that comes my way.