Quote:
Originally Posted by mykalberta
You do realize it was only 250mil cash right. The rest was Federal Goverment land on the west end of the reserve that isnt worth anything to anyone. The amount of homes they whould need to buy out would likely come close to that and that doesnt include the extra price of a bridge if 34th is the option.
If I was Tsu Tina I wouldnt be selling the land, I would be leasing it to make sure the ring road keeps funding the bands future growth.
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Could a higher offer from the province still make sense? Sure, but the value of what's being given up the Tsuu T'ina is certainly less that the compensation they'd be getting as well. It's a bilateral monopoly. There is benefit above cost to be had for both sides but no single "market price", so they're negociating over how the benefit above cost is split.
I think the proposed deal is win-win for the city and the Tsuu T'ina... but if they don't think that or they think they can keep pushing us higher and higher the deal is never gonna close. They're playing hardball, so the province needs to play hardball too.
If the band wants cash flow instead of a lump sum, they can invest the 250mil. The province should not make any agreements, such as a lease, that is not perpetual with cost certainty. We don't want to get into a situation where the band can hold us over a barrel to keep the ring road.