we going to get ownership of these last four locks. To sum it up in a couple of words, number one, we’re not going to get any help. Maybe we would, God forbid, if we ever have a failure, they might come up and help us then, but he said basically you’re on your own. And, number two, we’re probably going to be in the lease business forever. In order for us to obtain 1 through 4, they have to go through a disposition or dispose of those locks and dams. That takes a $1 million study. David, am I correct? MR. HAMILTON: Yes. MR. GRAVES: That’s approximate. He said we have no line items for $1 million to put on the Kentucky River for a study. So, basically, he said it is what it is. So, at least they were straightforward. I said, okay, you let me build--I say you let me, but you let KRA construct a dam at 2 on your property basically, or one now at 3. I said you had no problem. I said we’d like to construct our own building on the grounds at 4. They had no problem. They gave us a channel on how to write the letters, etcetera and how to move it up. David wrote a letter on a Monday. I think I signed it on Monday. Tuesday or Wednesday, we had an email back that said things were proceeding as we thought they
we going to get ownership of these last four locks. To sum it up in a couple of words, number one, we’re not going to get any help. Maybe we would, God forbid, if we ever have a failure, they might come up and help us then, but he said basically you’re on your own. And, number two, we’re probably going to be in the lease business forever. In order for us to obtain 1 through 4, they have to go through a disposition or dispose of those locks and dams. That takes a $1 million study. David, am I correct? MR. HAMILTON: Yes. MR. GRAVES: That’s approximate. He said we have no line items for $1 million to put on the Kentucky River for a study. So, basically, he said it is what it is. So, at least they were straightforward. I said, okay, you let me build--I say you let me, but you let KRA construct a dam at 2 on your property basically, or one now at 3. I said you had no problem. I said we’d like to construct our own building on the grounds at 4. They had no problem. They gave us a channel on how to write the letters, etcetera and how to move it up. David wrote a letter on a Monday. I think I signed it on Monday. Tuesday or Wednesday, we had an email back that said things were proceeding as we thought they