Our sense is that this language was the result of some negotiation between the City and developers to make the neighbourhood work. The intent of the developer was to sell strata lots. The intent of the City was for the initial development to work financially without giving up the City’s freehold interest in the land. The language has made the market think there might be a relatively big lease end payment that would help with sales and re-sales. This is an important issue in the SLS’s discussions with the City.