Moratorium will be placed on third-party development proposals as they seek a development partner
The Squamish Nation Council and Nch’ḵay’ Development Corp. announced Wednesday their objective to develop land-use strategies and community capital plans across 140 hectares of their land in West Vancouver, North Vancouver, the Sunshine Coast and Squamish.
“For a number of years or decades, our community has sort of said, ‘Look at all this other wealth that's been generated through our territory, and when are we going to be able to benefit from that?’ I think that has propelled a commitment or a vision and an energy towards really exploring real estate as the future of economic development for our nation,” he told Glacier Media.
The Nation has issued an expression of interest to identify firms who can help them source comprehensive land-use planning and development consultant services, said Nch’ḵay CEO Mindy Wight. He described how development companies would approach the nation and lobby their council to engage in projects.
“Together, the nation's real estate assets represent an opportunity to reshape the entire region of the North Shore and the Lower Mainland, but also to work with other jurisdictions for the betterment of all our communities,” he said.
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