The University Centre, which is owned by McGill, is scheduled to close on Feb. 15 and reopen one floor at a time between August and December 2018. Tenants that are unable to relocate during that period, such as Gerts Bar, will temporarily close. While SSMU will not have to pay rent to McGill during the closure, the society will forego between $300,000 and $400,000 in revenue and relocation costs.