Platinum Green Deal

Platinum is a little bit more, call platinum about 10 or 12%, again more than paid back
but it does require that up front investment.  You’re looking at basically if you invest
up front you’re looking at ten years to recoup your costs and actually start to see savings
on going LEED platinum.  If you’re talking about LEED platinum,
I think that’s fair. If you’re talking about LEED silver, as I say which is again a term
of improvement it’s zero.
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Here we are in down town Toronto at the Bay Adelaide Tower and what’s being built
there is far more efficient and a far more environmentally friendly building than was
there previously. They are building gold platinum, 100 story office tower where the energy usage
and the efficiency of the building is going to be so much more superior than what was
there previously. But one has to kind of change his view of construction or of development
in general. The construction industry is really adapting.

 

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