Thank you, Mr. Chairman. Mr. Chairman, the Yellowknife office plan was finally approved last month, in January. It was not approved before that. It was still in the development stages. However, during that whole planning stage, by last July, the department knew which office space it would like to retain. There was not a call for proposals back then to look for new office space because the Yellowknife office plan had not been approved. It was approved only last month. Since that time, the department has been initiating the work to go to a request for proposals, after the decision was made, which was last month. The intention is to go out to the public to see what kind of costs we could have out there. We need to do that.
In the case of the Laing Building, there is a caveat. The decision of Cabinet was to sell the Laing Building. There was a caveat not to lease it back to the government. What, in fact, that does, is take 60,000 square feet off the market immediately. What we will be doing is going out for leasing 36,000 square feet to replace what we lost for FMBS and the Executive. By doing that, it will avoid a major investment of about $3 million on the part of the government to retrofit the Laing Building. We will have to put in new elevators and an air handling system. It is quite a substantial amount of renovation that we will avoid by doing that. It will also reduce some of the surplus which is already out there. The government will reduce its remaining inventory by quite a substantial amount. Thank you.