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August 6, 2009
Toronto City Council approves head lessee for Union Station revitalization
  
Today, Toronto City Council endorsed an agreement with a private sector company, which will, as the head lessee, lease and operate all retail space in Union Station, including the new retail space planned for the lower retail concourse.

“This is the last major milestone in the City’s plan to revitalize Union Station into a modern, state-of-the-art multi-modal facility for transportation,” said Mayor David Miller. “With federal and provincial funding in place and a Council-approved head lessee, Toronto is poised to fully undertake the massive revitalization of an iconic Canadian landmark and make it one of the greatest in the world.”

Selection of the head lessee was conducted under a Council-directed process where a call for Expressions of Interest resulted in a selection of qualified potential candidates. The name of the successful proponent will remain confidential until a lease agreement is signed in approximately six to eight weeks. The revitalization of Union Station is scheduled to be complete in 2015 at a total cost of $640 million with construction beginning in 2010.

Since acquiring Union Station in 2000, the City has led its revitalization with three objectives: to promote Union Station as a multi-modal transportation hub; to preserve its heritage and character; and to revitalize the station into a premier transportation centre that will be a major destination in the city. For more information, visit: www.toronto.ca/union_station

Toronto is Canada's largest city and sixth largest government, and home to a diverse population of about 2.6 million people. It is the economic engine of Canada and one of the greenest and most creative cities in North America. Toronto has won numerous awards for quality, innovation and efficiency in delivering public services. 2009 marks the 175th anniversary of Toronto's incorporation as a city. Toronto's government is dedicated to prosperity, opportunity and liveability for all its residents.

Media contacts:
Don Wanagas, Director of Communications, Office of Mayor David Miller, 416-338-7134, dwanagas@toronto.ca
Bruce Bowes, Chief Corporate Officer, 416-397-4156, bbowes@toronto.ca
Cindy Bromley, Finance and Administration Communications Manager, 416-392-4993, cbromley@toronto.ca




 

 

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