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City Park residents hope to buy FNUC campus


The City ParkCommunity Association hopes to find financial backing that might allow them to purchase and take control of the First Nations University of Canada (FNUC) campus, which will soon be offered for sale due to a financial restructuring that became necessary when federal funding for the university was lost.


Various concerns have been voiced in the community since FNUC announced that the property, which occupies a whole city block between 7th and 8th, and Duke and Duchess, would be offered for sale. Some feel that the eighty-year old building should be saved for its historical significance. Other concerns include a lack of local green space within City Park and the potential for higher levels of traffic on the area’s narrow streets if the property were to attract a condo developer for a high-density housing development, a use that the current zoning doesn’t provide for.


Undoubtedly, the largest concern for the owner of the land will be maximizing return on resale. Apparently, administrators of FNUC have told representatives of the City Park Community Association that they will not be given preferential treatment in the sale, and that the land will be sold to the highest bidder by sealed tender.


It remains to be seen just how much interest the property will generate. The R2 zoningdoesn’t provide for many good options, at least as far as redevelopment is concerned. Some kind of deal with the community may prove to be the best option for FNUC as well.


Related stories

First Nations University loses provincial funding
Ottawa cuts funding to First Nations University
First Nations University of Canada to sell Saskatoon campus
FNUC campus draws interest
FNUC campus sale shows need to preserve past
City Park residents eye FNUC campus


I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.


Norm Fisher
Royal LePage Vidorra

Norm Fisher, Author of the TeamFisher Saskatoon Real Estate Blog

About Norm

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.Less...

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.

Norm is known for his passion for technology and can most often be found exploring and experimenting with the next big thing in real estate marketing. He was the first Saskatoon real estate agent to promote a home online and has been an early adopter of new technologies ever since. “Everything about this business has changed over the past 20 years, and it will happen again in the next ten. An open mind and a curious attitude are all that’s needed to continue to find new ways to serve our clients by delivering a faster, smoother, worry-free transaction,” says Norm.

In his spare time, Norm enjoys Crossfit and cycling, some years accumulating over 2,000 kilometres on the road. He’s a strong supporter of the Royal LePage Shelter Foundation and enjoys raising funds by joining fun, fitness-related initiatives like the Grouse Grind for Shelter. In 2015, he trekked the Peruvian Andes to Machu Picchu. In 2017 he walked the southern highlands of Iceland across mountains, sand, snow, ice, lava fields and forest for seven days. Collectively those initiatives raised over a million dollars for Canadian women's shelters.
 

Note: We are in the process of bringing this blog home to the TeamFisher.com domain and we have a lot of stuff to move! Another 700 posts can be found at normfisher.com where they'll remain until we can get them moved here.

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