Darlenet8, I think it important that despite the proximity and appearance of westernness, would be buyers and investors would be prudent to recognize that the business setting represents an entirely different
Nation (definitely not Canada as non-natives know it) and this is happening on
that Nation's turf (think: dealing with and living in Cuba or Pakistan societies about their property, but transplanted to within a couple of hours' drive from Victoria; a not too farfetched analogy to help clear one's perception of the implications might be to see this as 'embassy owned land').
and, (discussion about the Land Code) "Under the Indian Act, First Nations have to get approval to re-zone or designate land, for example, and that takes far too long, Duncan said. Under the agreement, the participating communities can act on their own without having to get the minister's approval.."
"He acknowledged that the fact that Attawapiskat is proceeding with its court case despite the removal of the third party manager, indicates his assessment of events isn't shared by all parties."
http://media.knet.ca/node/21890The 'Land Code' gives Natives greater flexibility and speed to run the show than the Indian Act (correct?).
Greater speed, greater flexibility (marvellous for developers who are partners) but less oversight by the Feds on just how the Band Council runs the show. Hence, I see an even greater need for proportional representation by the purchasers on the Band Council (but, that's just me, perhaps there will be enough interest from others that this perceived 'need' of mine can be sidestepped).
It will be interesting to see how the 'Land Code' concept as used in practice by assorted First Nations shakes out in practice over the next few decades. Will it ever overcome the stigma (50% discounting of land value)? Will it introduce unforeseen problems for partners of First Nations? We've had the 1876 Indian Act for some time. The 'Land Code' concept is very new (I'd not heard of it before just now) though has been available for over a decade, yet is still being gradually phased in (have the majority of Canada's Native bands adopted it, yet? any idea as to what proportion of them have adopted it?).
For a Nation whose origin has been around for millenia (50,000 thousand years? perhaps so under some migration theories), a generation or two might be seen as less than an eyeblink for them to adapt and make the best of this new direction.
jbw
ps. Further reading to my earlier example (an indication of the direction being taken):
http://www.musqueam.bc.ca/lands. On your side, are there any links that describe the
governance of the First Nation involved here in any detail?