Jacob Parry writes in BC Business on the recent announcement that the Province of BC has sold this land.
Three Vancouver area First Nations have purchased one of the last major tracts of undeveloped land on Vancouver’s west side for a half-billion dollars. On Friday, the Tsleil-Watuth, Squamish and Musqueam First Nations announced that they had acquired the 38-acre parcel in Point Grey—currently the site of West Point Grey Academy—from the provincial government and have preliminary plans to redevelop the plot over the coming years.
According to a Province of BC news release, CAC’s may be involved, and consultation with the City of Vancouver:
This landmark agreement enables First Nations to begin a meaningful community consultation process with the City of Vancouver on what the community would like to see with respect to future development of the lands. Any and all rezoning and development plans will be required to follow the mandated consultation process established by the City of Vancouver, and will require a Community Amenity Contribution from the First Nations to the City based in part on the outcome of the consultation.
Confirming the sale and transfer of the Lands to the First Nations is a further step towards reconciling the Nations’ and the Province’s interests with respect to their traditional territories and confirms the settlement of all of the Nations’ claims to the Jericho Lands.