Three First Nations have shown interest in buying a portion of Vancouver’s Jericho lands.
The provincial government has accepted a letter of intent from the Musqueam, the Squamish, and the Tsleil-Waututh to buy 39 acres in the Point Grey area.
The same three groups have a share on the 52 acres adjacent, under control of a federal Crown corporation.
NDP MLA David Eby says the transaction has many in the area concerned.
“The community’s concerns remain the same, that the community is consulted about the future of the lands and the type of development that goes there. The idea that the land might be sold to a luxury condo developer, where a bunch of international investors will hold vacant condos and drive the affordability crisis into even higher and more astronomical levels is really disconcerting.”
But Liberal Cabinet Minister Andrew Wilkinson says any development will need the city’s approval.
“They’ll be required to go through the mandate of the City of Vancouver process for rezoning and any different use of the land.”
He says the community will be consulted.