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Old Posted Aug 13, 2010, 10:41 PM
whatnext whatnext is offline
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Join Date: Feb 2009
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Fraser River North Bank (Musqueam) | Proposed

Interesting article in today's Globe & Mail. I hadn't realized how extensive the Musqueam real estate holdings were:

On the north bank of the Fraser River, a building crane symbolizes the big plans that are unfolding on Musqueam land.

The Musqueam is the only native band within Vancouver, but the scope of their real estate holdings goes well beyond city limits. The band has decided the time is right to realize the potential development of their properties and become a major real estate player....

...There is a joint plan with a developer to create a marina, at a cost of about $15-million, although it’s too early for the band to say where the marina will be located. The band’s Fraser Arms Hotel property in Marpole will undergo a $2-million renovation. The Musqueam are also looking at developing 142 hectares in Ladner for commercial use.

The band’s biggest prize is Shaughnessy Golf and Country Club, which is located on some of the most prime real estate in the city. But they have an agreement in place with the golf course tenant for the next several years, and Mr. Charters says the band has enough real estate ventures to deal with at the moment..

http://www.theglobeandmail.com/real-...rticle1670904/
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