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(Lisa Schick/980 CJME file photo)
Regina city council has approved the sale of 633.6 acres of land at a discounted price but the purchaser and the project are remaining confidential at this time.
Council voted Monday in favour of selling the land, located just outside city limits, for $4 million below the $6.3 million figure at which it was appraised.
While the purchaser and project remain secret to the public, Mayor Sandra Masters said they did present to council in private.
“We were briefed and had hours of discussion about the implications, the details of the deal and economic spinoff,” Masters said.
The project is anticipated to add $500 million to Regina’s Gross Domestic Product and would add hundreds of jobs possibly more than 1,000 at the site and spinoff from it.