Rainbow

Rainbow

Thursday, February 18, 2010

Regina-area farmers upset about expropriation

CBC News - Saskatchewan - Regina-area farmer upset about expropriation

Land banking by the Saskatchewan government for a "Global Transportation Hub" in the Regina area is drawing criticism from local landowners. The province has begun to expropriate land but the issue of compensation for the land remains outstanding. The government has said that landowners are assured to receive fair market value for their land, but whether that is undeveloped agricultural land value or something closer to the development value of the land remains to be seen.

The total project area is to include 1,600 acres and the project is to be completed by 2012. Saskatchewan has also expropriated land to allow for Loblaw Companies Ltd. to build a new warehouse and distribution centre.