Council Approves REAL Campus Sale and Lease to Brandt
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Description
Regina City Council approved selling and leasing portions of the REAL campus at 1700 Elphinstone Street to Brandt Properties Ltd. and authorized negotiation of a Master Purchase Agreement with related operating cost adjustments and reserve transfers. The deal includes conditional support for a five‑year municipal and library property tax exemption on the purchased and leased assets, subject to specified ownership and use conditions.
Contract Details
Vendor
BRANDT PROPERTIES LTD
Agency
City of Regina, Canada
Contract Type
FACILITIES
Document Date
May 20, 2026
Contract Term
Five-year municipal and library property tax exemption period contingent on conditions; overall sale/lease term not specified
Renewal Info
Tax exemption support is conditional for five years and subject to annual performance reporting on community commitments and future exemption requests; no automatic renewal terms described for the sale/lease.
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