The province is continuing to move forward with plans to divest themselves from the Global Transportation Hub.
Justice Minister Don Morgan confirmed that Friday afternoon at the Legislature.
Morgan believes the controversial project, located in city of Regina, they’d like to have a private sector manager looking after day to day operations, and a realtor be responsible for marketing the remaining 700 acres, noting it’d be cheaper for taxpayers in the long run.
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“When you do something like that, it’s difficult for governments to be in,” he said. “You’ve got market fluctuations and the taxpayer shouldn’t be subjected to that kind of thing.”
Currently, the GTH’s board of directors are working on hiring a third party consultant to lead that transition and define a new governance structure for the site. That transition won’t include CEO and President Bryan Richards, who’s being replaced by the GTH’s current VP of Finance, Matt Schroeder, to serve as the acting CEO.
Furthermore, Morgan noted it’s possible the staff at the site could shrink.
“We’ve asked the board and the acting match order to look at staff and what are the savings we can have going forward.”
(with files from Mitchell Blair and Mackenzie Read)