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Toronto City Council approves private-sector partner
to help develop Union Station

Yesterday, Wednesday, August 5, Toronto City Council endorsed an agreement with a private-sector company, which will lease and operate all retail space in Union Station, including new retail space in the lower concourse.

This was the last major milestone in the City of Toronto’s plan to revitalize Union Station into a modern, state-of-the-art multi-modal facility for transportation. With federal and provincial funding in place and, now, a head lessee, the City can fully undertake the project to massively revitalize the station.

City Council directed the process to choose the head lessee. The City issued a call for expressions of interest, qualifying several potential candidates. The City will keep the name of the successful proponent confidential until the proponent and the City sign a lease agreement in about six to eight weeks.

The project to revitalize Union Station should end in 2015 at a total cost of $640 million, with construction starting next year.

Since the City bought Union Station in 2000, the City has worked on renewing and restoring the station with three objectives:

  • to promote Union Station as a multi-modal transportation hub;
  • to preserve its heritage and character; and
  • to transform it into a major destination in the city.

You can learn more about the City’s plans for Union Station here.

You can learn more about GO Transit’s plans for Union Station here.

You can learn more about the TTC’s plans for Union Station here.

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