Thank you very much. It's always great to see you, MP Weiler.
I will say that when we are building hotels, as an example, the long-term gain is far down the road. We have an example right now in Calgary, where we have a new convention centre that has been built, but we don't have any hotel rooms to go with it. The risk associated with building those hotel rooms off the beaten track and tied to a convention centre, which is much needed, is due to the unknown factor of how often that building and those hotel rooms are going to be used. We will need help to incentivize private investment to come in to build those hotels and give us the required rooms in order for us to continue to attract international business events that will then add to the economic prosperity of Calgary.
Just as an example, I can tell you that in other cities we are looking at private development investments in things like the event centre and entertainment district, in the billions. The estimated cost for the Calgary event centre and entertainment district is $1.2 billion. Being able to leverage that with a tax incentive to be able to attract the right investor to come in and build those hotels, which, as I said, would contribute to the economic vitality of Calgary and help us make sure the right capital is brought in and put in place.