Government Operations committee  Actually, that's a question that we're asked many times when we acquire a piece of property, namely, what are our plans? However, we do sincerely and honestly start without any plans or preconceptions. In the case of the Kingston Penitentiary site, there is active visioning and a

Government Operations committee  It's more a philosophy, but there's an understanding with the city—and obviously, for it to make sense for Canada Lands—that there has to be financial viability for the project. There is a tremendous amount of heritage and history with that site, but it can't cover the entire par

Government Operations committee  If I can get this right, the St. Lawrence Parks Commission is working with the city this summer to be able to provide tours of the Kingston Penitentiary site, so from our perspective that will be a good test of the viability or interest in that. Certainly I can imagine that the f

Government Operations committee  Yes.

Government Operations committee  No, we don't, in that an element of Canada Lands on the real estate side is that it's a small group. In your Edmonton situation with Griesbach, there are five people who operate that, but we hire out all of the disciplines that we require from the professional services, from the

Government Operations committee  It will be discharged. That's the comfort that we have and that we'd rather not pass on to another. You've been there, so you will have seen that we have quite an extensive demolition process going on with the remainder of the buildings that are on the site just to be able to eli

Government Operations committee  There is profit to be made all the way through, but probably the most significant profit that a developer makes is on what we call “the first lift”, or after you get the plan approved by a municipality, because all the planning, uncertainty, and risks are out of the way. We do

Government Operations committee  In our real estate operations, as I mentioned before when the member for Brampton East made a statement, most of the land we're acquiring is vacant. When we're acquiring property, environmental testing is done so that there is an understanding of any environmental conditions with

Government Operations committee  It will be a cost within our pro formas for a project. In all instances they are contaminants that are fine in place but have to be dealt with through the development. There will be lines or monies within our financial pro forma not only for servicing costs but as well for enviro

Government Operations committee  Backing up to understand our real estate role, we acquire it at market value, so there's a land cost. We act as the master land developer. We take the land through the municipal planning approval process, the consultation. There is significant soft cost involved with that: planne

Government Operations committee  Yes.

Government Operations committee  At Downsview, we actually have a third party that provides the property management services.

Government Operations committee  With regard to the operation of the park at Downsview, 59% of Downsview Park land, over 300 acres, is actually passive and inactive park, so it's the maintaining of that. There are revenue elements with the—

Government Operations committee  I'll have to look and see where. I'm just going to pull up that chart.

Government Operations committee  What you do see in our revenues is that there are vagaries year to year and that in the core real estate side, it's dependent on where projects are in their life cycle. The sales that we have projected this coming year come from the Wateridge project, the Rockcliffe project here