Well, I think that if a municipality decides that it wants to provide tax concessions to a cultural hub or a cultural district, that's a tool that is available to that municipality to realize its vision of a more grand, more solid creative economy. The tax concession is a tool to realize a vision that a municipality has around the creative economy and its positive, long-term financial impact on that community.
As for our experience, we purchased our property in 2012 and we occupied the property immediately. We paid municipal taxes of $27,000, based on the assessment of the building. After our construction, the assessment of the building will mean that we're paying $650,000 a year in municipal taxes, but because we've been occupying the building at the same density for the last five years, we're not consuming any more municipal services or any more water, and we're not asking the municipality to plow any additional roads, it's somewhat arbitrary in terms of that increase in assessment based on the monies we've invested.