You're taking existing buildings that are 100 years old and they have to rehabilitate them. How do you deal with the existing buildings? It's easier for greenfield, but people are looking at how you do it for rehabilitation. When it's a greenfield, all you're really taking is geotechnical risk. But when they're 100-year-old buildings and you start to take down the walls, how is the private sector going to price a risk it can't know before it actually signs on the contractual line? How do you deal with that, and how do you give them the best information on the existing state of it? That was possible only because there had been some done in a traditional way. They got experience on those types of buildings in the east side of Vancouver, so they were willing to do it. When you're taking pre-existing risks, it's much more difficult to legally and contractually split them.
On October 4th, 2012. See this statement in context.