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  • Yun [he/him]
    ·
    3 years ago

    This is what it looks like in practice: https://dailyhive.com/vancouver/senakw-squamish-first-nation-vancouver-rental-housing-development

    Under capitalism, the first nations people will see that it is in their interests to profit from the land that is given to them. In this case, that means partnering with private development companies.

    Between $16 billion and $20 billion will be generated from the rental income of Senakw throughout the entire lifespan of its buildings, with the First Nation receiving half of this income under its 50-50 partnership with Westbank. In 2019, the construction cost of the project was estimated to be $3 billion.