Government paid too much for GTH land: Sask. provincial auditor - News Summed Up

Government paid too much for GTH land: Sask. provincial auditor


The government told CBC that GTH paid $103,000 for the land because it saw land prices in the area increasing at the time. 'These factors contributed to buying this [GTH] land at a significantly higher price and not in a financially responsible manner.' The controversy centred around the amount of money the Crown-owned GTH paid for 204 acres of land west of Regina. The province says the GTH paid that amount based on a third appraisal of $125,000 per acre. The Saskatchewan government didn't do a good job acquiring land for the Global Transportation Hub near Regina and as a result paid too much, the provincial auditor says.


Source: CBC News June 30, 2016 14:01 UTC



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