Just to make it clear on the contributions from ATCO, there is no contribution from ATCO. The money the Member mentions is that $26 million will be achieved through the selling of the units. So we sell the asset. We will sell enough to retain $26 million through private sales. The other thing is that we are talking here of some 1,400 houses for $230 million. Economically, you couldn't accomplish that in regards to stick-built construction wherein someone who lives on low income needs to be wanting to own their home can arrive at that. The number we are looking at is about $100,000 to $110,000 per unit. I don't think that you can go wrong with purchasing 1,400 units for $200 million. If that is the math that we are dealing with, then I would just like to point out again for the Member that there is no industry contribution. That is basically on the basis of sales. There was a letter that was sent. You can clarify that, Ms. Lee.
David Krutko on Item 17: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 6th, 2006. See this statement in context.
Introduction
Item 17: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 17: Consideration In Committee Of The Whole Of Bills And Other Matters
February 5th, 2006
Page 778
See context to find out what was said next.