Quote:
Originally Posted by 1ajs
if the city realy needs that land why dont they just sign a 99 yr lease for it
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You can get a lease or an easement for reserve lands but it requires a majority-present community vote from the First Nations to grant it.
Not only that, but considering that most urban reserve businesses gross $10M a year, it's highly unlikely that the lease paid by the City of Winnipeg will outweigh the potential 15.5 acres of economic potential for the urban reserve.
The proposition isn't there. The reserves will be giving up so much for so little in return.
Peguis' Cannabis investment on Portage Ave near Arlington will create $12M in revenue while apparent projections for Long Plain's Petro gas station is now in the $20M range. Yet these are small and compact acreages that offset government transfers and pay for housing or social programs in these reserves.
So, while the benefits for Winnipeggers are there, taxpayer's will need to make up the 99-year difference.
Assuming that sales remain constant for Peguis and Long Plains' two investments, that's $3.56 billion in economic revenue over 99 years. It's highly unlikely that Winnipeg will ever pay a lease anywhere close to that.
And that's only incorporating 2 of 7 of the reserves.
By those numbers alone, it would be cheaper to make Kenaston's express lanes a tunnel and keep above-ground traffic as local traffic.
In all honesty, that $3.56-billion-dollars is better to be made through private business ventures made by the bands rather than taxpayer's picking up that tab to offset the economic losses of the reserves.
Too bad the alternative 'option 5' route wasn't even considered. I think the City of Winnipeg was too confident and painted itself in a corner. Because now, Option 5 would've been the cheapest and best way to make the widening a reality.
While the empty land (which remained empty after the rail line was discontinued and removed) could've easily been legally expropriated, it was instead sold to investors and developed. Now, that the land is developed, Option 5 is off the table.
Winnipeg just likes to face-palm so hard sometimes.
Source: Google Maps and City of Winnipeg Planning Dept.
https://www.winnipeg.ca/publicworks/...es/Option5.pdf