The Conservative Party's moment has come to sell Canadians on its 'common sense' plan, Conservative Leader Pierre Poilievre told his caucus on Thursday, as they gathered in Quebec City for the federal party's three-day policy convention where controversial policy pitches risk impacting the party's broadening appeal.
The property was leased. The government still owns that 10x increase in value.
When I wrote that, I knew someone was going to come out of the woodwork and say the highway was not technically sold, so I was trying to be careful with the wording. Not careful enough I guess. Yes, you’re right, it was the rights to a 99 year lease that were sold.
But no, it wasn’t just a lease, it was the right to a lease, which is indeed technically a kind of sale, not a lease per se. This is evidenced by the fact that SNC-Lavalin recently sold 10% of those rights for $3B, which pegs the current value of the entirety of those rights at $30B, 10 times what the Harris government originally sold them for.