Actually, we now have a private partner. That is one of the ways of reducing costs. Private partners, such as real estate developers with experience in building in Toronto, consider factors that we were, and are, less aware of. Our criteria are different.
For example, building next to water introduces more challenges for a developer. That does not mean that we cannot do it, but it means that there are factors that we must consider when we are making our choices.
All that I can tell you is that, if the federal level transferred or leased a property, as it did at Royal Roads University, the cost of the university’s activities would be considerably reduced. The model we have in mind at this stage is a public-private partnership. The private partner advances some of the construction and maintenance costs, but certainly, owning the land would really reduce the bill.