Early Hallowe’en: ” Richmond plows ahead with Garden City plans “…the issue that rises from the Political Grave ( PART 4 )
One other matter to be included in this discussion is the issue of the $ 60 Million paid by the City of Richmond to the Musqueam. As noted….the land was in the ALR, and remains in the ALR. It had an assessed value of approx. $13 Million. Unlike any type of land speculation… the ALR is a class all its own. The City failed on (2) attempts for Exclusion….its a done deal.
The City and its agreements with the CLC have fallen apart…in essence the CLC ( a Federal Agency) owned the land….the Musqueam had a kneejerk “claim” on it..thats it.
Somehow….the Musqueam were paid $ 60 Million for land they did NOT own , had no title to, and this $ 60 Million was Richmond Taxpayers funds ..so WTF happened ? It appears the Federal Gov’t “gave” title to the Musqueam, and the City paid them over 4 X’s the market price..or $ 47 Million premium.No court ruling exists that gives the Musqueam title.
Does this not stink ?
(To Be Continued)