 The property was acquired for $5.3 million, a portion of the $21 million grant Queen's received from the Ontario government last spring to pioneer this innovative new regional R&D "co-location" model.Queen's leases approximately of the Novelis R&D facilities to accommodate faculty-led research projects that have industrial partners and small and medium-size companies with a research focus and a desire to interact with Queen's researchers.The remainder of the government funds support further development of the technology park to transform the property into a welcoming and dynamic site for business expansion and relocation.