By Jessica Lee Local Journalism Initiative Reporter A recent $10 million investment into Symons Valley Ranch gives Chiniki First Nation majority ownership of the historic 12.4-hectare site located in northwest Calgary. A press release issued by Chiniki First Nation said it now holds a 51 per cent stake in the historic site, which has been approved by the City of Calgary for high-density mixed-use development, including building over 1,500 residential units, retail and commercial. “Chiniki is very interested in pursuing economic development opportunities for the betterment of its Nation members,” said Chiniki First Nation CEO Ryan Robb, who recently took over the role from retired CEO Brian Evans. “Once you have more economic development opportunities and you’re making money from business perspectives, it helps you then return revenues back to…
Log In Register
