The City of Kenora is trying to work out a property swap with theMinistry of Natural Resources for Town Island on Lake of the Woods.
The municipality has owned the island since 1895, and did a study of the property last year to decide what to do with it.
Councillor Dave McCann says one of the benefits of the agreement is that Town Island would not be developed any further.
McCann says the city is going to get an appraisal done on the island and will be looking to swap with the MNR property of a similar value in the City of Kenora.
He suggests it could take several months to work out the details of the property swap.