Thank you. I understand that a proposal was submitted. Perhaps, if I can make reference to what I have been told, what this proposal was, and that was to buy the Laing Building. It was based on a variety of different options. It was a 20-year lease, they were proposing to do $2.5 million worth of renovation costs, which included office space and re-cladding of the building. Their proposal was to charge $15 a square foot and pay the government $3 million for the building. They had another option for $10 a square foot and a payment of $2 million. A final option was for $5 a square foot and $1 million. I am informed that this was discussed extensively and that a proposal was made. It was discussed extensively with some of the deputies' officials. Could he tell us if I am correct in the proposal? Thank you.
Jake Ootes on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 16th, 1998. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
February 16th, 1998
Page 830
See context to find out what was said next.