Land Development Deal with B.C. First Nations Launches New Era

The First Nations of B.C. have rights to many large areas of land in their local communities. Their desire to maintain their ways and traditions on their native land has posed numerous problems for companies that hope to develop aboriginal land. In this article, the First Nations have agreed to a deal with the federal government to begin a phase of development on local land in the Vancouver region of Jericho. This is a great opportunity  for companies as a large region of land has become available for development. This includes the 21-hectare Jericho Garrison region where the popular beach is. First Nations are also looking to building malls and housing on its land. By themselves, neither the First Nations nor development companies can begin development on aboriginal land. Companies did not have the rights, and First Nations did not have the capital. Partnered up, the two parties can make full use of the land. Previous disagreements with the First Nations have always been against developer’s business model; First Nations are important stakeholders who must be convinced to allow any development to take place. Partnering up with the developers will allow First Nations to share the development profit. The agreement is in general beneficial for both parties.

Leave a Reply

Your email address will not be published. Required fields are marked *