Thank you, Mr. Speaker. When I met with Mayor Van Tighem from Yellowknife, we talked about the Northland issue and the fact that the estimated cost to fix the problem at Northland was somewhere in the neighbourhood of $18 million. The Northland condominium group had indicated to the city that they didn’t need to have paving and so on that had been planned for the area, so that would shave $2 million to $3 million off the project. Also, if a loan guarantee was provided so that the city could make a low rate, they would save a further $3 million to $4 million. That would reduce the cost by half. That was what was proposed by the mayor in a letter to me as the sole Minister on Cabinet in the 16th Assembly.
If I recall correctly, and I guess I’ll have to confirm in Hansard, but I indicated that I was prepared to have it brought forward to Cabinet once we had reviewed our fiscal situation and we would deal with it on that basis. I would also have to check into what the process is for this government to provide a loan guarantee, because I understood that we have to come to the Legislative Assembly to get a loan
guarantee approved. That’s something I’ll have to confirm.