45-141 Bay Street

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Image Credit: Ivanhoé Cambridge

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.

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