The Current | Feb 28, 2013 | 24:00
Fort McMurray land leases: Homes vs Bitumen
Houses in Fort McMurrary are in such demand they sell at prices a quarter-of-a-million-dollars more than either Edmonton or Calgary. But it is what new houses could be sitting on that really has Alberta's bitumen capital in a bind. A massive tract of land set aside for urban housing development is the same land on which oilsands companies hold mineral rights leases. And the Alberta government has to decide who gets priority.