The Lake of the Woods Economic Development Commission is hoping for an early Christmas present this year.
The Commission is holding a special meeting on Wednesday to go over a business plan for a proposed Education Facility at Lakewood School.
Members of the Training and Education Committee got their first look at the report on Friday.
The building would involve a number of education partners who provide post-secondary education opportunities in Kenora.
The facility would also include a performing arts center.
The business plan is expected to show whether the project is feasible, and how much it would cost to transform the elementary school into a post-secondary institution.
The Keewatin-Patricia District School Board has not indicated whether its interested in selling off Lakewood School, though members of the commission will be making a special presentation to the school board in early January.