City considers REAL campus sale to Brandt Properties
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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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