Laval Establishes Social Utility Trust for Carré Laval District
1 report, 1 independent
Updated Fri 00:00
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What happened
The City of Laval is adopting an innovative governance model for the Carré Laval district. This involves establishing a Social Utility Trust (FUS) to oversee the city’s eco-innovation neighborhood. The city, which owns over 85 per cent of the land on the site, will use the trust to protect long-term affordability.
From lavalnews.ca
Why it matters
The new model is designed to protect the land from real estate speculation. By dedicating the land to the trust, the city aims to sustainably preserve the neighborhood's social and economic mission. This governance structure is noted as a first in Quebec.
From lavalnews.ca
Who's involved
- LavalCity implementing the innovative governance model for Carré Laval
- QuebecProvince that governs the municipality of Laval
- Stéphane BoyerMayor for the location Laval
- KhalilActing mayor in the municipality of Laval