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FACILITIESPENDING

City of Regina City Council Agenda May 2026

City considers REAL campus sale to Brandt Properties

City of ReginaBRANDT PROPERTIES LTDMay 5, 2026

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Derivita logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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IANS Research logo
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Description

City Council is considering approval of a transaction to sell and lease portions of the REAL campus at 1700 Elphinstone Street to Brandt Properties Ltd., including associated lands, buildings, and equipment. The proposal includes negotiation of a Master Purchase Agreement and conditional support for a five-year exemption of municipal and library property taxes on the purchased and leased assets.

Contract Details

Vendor

BRANDT PROPERTIES LTD

Agency

City of Regina, Canada

Contract Type

FACILITIES

Document Date

May 5, 2026

Contract Term

Five-year property tax exemption period as described for municipal and library portions

Renewal Info

Proposal contemplates a five-year conditional property tax exemption for municipal and library portions for the purchased and leased assets; further renewal or extension terms are not specified in the agenda text.

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