Economic and Resource Development
The Squamish Nation owns land in the Lower Mainland in areas that have some of the highest real estate values in the province. Some of these lands and properties are leased out with rents returning to the Squamish Nation. Additional revenues are earned through businesses owned by the Squamish Nation, such as marinas, a driving range and a gas bar. In a recently concluded business arrangement, digital billboards were erected on Squamish Nation lands in North Vancouver, West Vancouver, Vancouver and Squamish, including at the approaches to Vancouver's Burrard Street Bridge, Lions' Gate Bridge and Ironworkers Memorial Second Narrows Crossing. That contract has been projected to bring approximately $60 million in revenue to the Squamish Nation over three decades.
The Squamish Nation also recently completed an agreement that will see a large gaming facility built on the highway leading into Squamish.
The Squamish Nation, the Lil’wat Nation, Bell Canada and the Province of BC joined in the development of the Aboriginal Cultural Centre and Museum in Whistler BC.
The purchase of a Tree Farm Licence by the Nation generated public protest.
In recent years the Squamish Nation has been involved in energy development, including the development of private hydro power projects on public rivers, including the Furry Creek and Ashlu hydro projects. It takes a share of the private revenue scheme developed by the BC Liberal Government under Gordon Campbell in a closed-door policy called the BC Energy Plan.
Read more about this topic: Squamish Nation
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