Ranking for 2016: 22
Industry Sector: Transit
Specific Sector: Public Building
Range: $1 billion - $5 billion
Project Value: $2,000,000,000
Provincial: Metrolinx: around $100 million
Government Funds Involved: Ivanhoé Cambridge and Metrolinx stress the figures are initial estimates, and the current $2 billion total is subject to change.
Funding Source: Public-Private
Location: Toronto, Ontario
Estimated End Date of Substantial Completion: 2018
Metrolinx continues to work with Ivanhoé Cambridge on the plan to build a new Union Station bus terminal. A significant piece of this development is a brand new GO Bus Terminal that will be located at the base of Ivanhoé’s planned office complex development at 45 Bay Street. The new bus terminal will serve thousands of GO customers and is an integral part of the Union Station Revitalization Project and Union-Pearson Express Spur Line.
Substanital completion of both phases is expected by 2021.