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Former mayor Henry Dayday signed the current lease with Prairieland Park in 1995.
The 50-year lease expires in 2045, but if Prairieland Park decides it wants another 20 years under the same terms, a renewal clause kicks in.
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Tank: Prairieland Park outdated model as custodian of Saskatoon land Back to video
So the land owned by the City of Saskatoon — taxpayers, actually — could be controlled by a corporation that is unaccountable to city council or the public for 70 years.
If that sounds like a lousy idea, that’s what the City of Regina thought about Evraz Place, a similar entity.