Future outlook for EMRB is not good. I expect that we will see the first rural municipalities announce their departure in the coming weeks.

The outgoing CEO was not a developer, so this change may not be for the worst in the long run. The biggest issue with the Trust has been meddling by the board who were mostly living in the 1990s in terms of their vision. The Trust needs licence to be creative, which they have so far not been...