Cost for GTH lands questioned
By Andrew Macklin
March 7, 2016 – The cost per acre of a piece of land needed for the development of the Regina Bypass is coming into question after the government’s own estimator suggested a much lower purchase price.
According to a CBC News report, the property in question is a 204 acre parcel in the west end of Regina, needed for the development of a continuous flow intersection to allow trucks to access an industrial area.
The land was purchased for $103,000 an acre, which was around three times greater than the price per acre suggested by a professional appraiser hired by the province’s Ministry of Highways.
For more on this story, click here.