Public Accounts committee  It wasn't the same thing, because they wanted more space. Initially they were looking for more space. This time they were looking for an extension of the lease for the same amount of space they were occupying.

Public Accounts committee  I'm not familiar with that name.

Public Accounts committee  No.

Public Accounts committee  No, I'm not.

Public Accounts committee  First of all, in the competitive process, the tender process, the winning bid actually was the person with whom we signed the lease, so that transaction was finished. When we began to negotiate with Place Victoria, we did so on the basis of an analysis that determined that there

Public Accounts committee  We did a competition in the first place because the amount of space that was required by the Economic Development Agency was more space than they were occupying at Place Victoria. It wasn't just a new lease for the same space, so when the requirements changed, we looked at the le

Public Accounts committee  The figure, I understand, that results in a loss to the crown, essentially, was $2.1 million, not $4.6 million. I frankly don't think there's anything sinister in this file. There were errors made and judgment calls made that maybe, in the fullness of time, might have been diff

Public Accounts committee  It is about 500 to 700 leases a year.

Public Accounts committee  Yes.

Public Accounts committee  That is indeed the correct assumption, and that was the basis upon which the recommendation was made to Mr. Goodale to proceed with signing the extension with the owner of Place Victoria.

Public Accounts committee  Correct.

Public Accounts committee  Yes.

Public Accounts committee  I am aware of Monsieur Arès' subsequent testimony, in which he acknowledges that he wrote that memorandum based upon an assumption that we were entering into direct negotiations at the tendered lease rate, with all of the attendant fit-up costs that would have been required for g

Public Accounts committee  Probably because these events took place within a fairly rapid timeframe.

Public Accounts committee  It would have been taken up with the region. I expect that...and I don't know this, but—