Quote:
Originally Posted by Ace
What is the incentive for the individual band members to vote this through. Let's say it gets approved, does member 'A' get anything? Cash, a new house?
I'm assuming the only advantage would be the Reserve itself would be developed more, so possibly a few extra amenities, but other than that does it really improve the financial position of an individual family? If not then this thing will never go through, unless they distribute the sale price among the individual members some how.
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Obviously, that would be for the band to work out.
What they should do, IMO, is invest the money into making the prime land leasable, or even develop some of their own hotels, retail, office parks, etc. That should make the band financially secure forever.
Remember, any retail on reserve land would not have to charge GST. That could make things interesting.