Union Station Revitalization Project

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Ranking for 2013: 75

Industry Sector: Public Building

Specific Sector: Rail

Range: $500,000,000 - $1 billion

Project Value: $800,700,000

Federal: $164.5 million

Provincial: $172 million

Municipal: $304 million

Government Funds Involved:

Funding Source: Public

Location: Toronto, Ontario

Estimated End Date of Substantial Completion: 2018


The revitalization project includes restoration of many of the station’s heritage elements, creation of 160,000 square feet of retail space with the focus of bringing the best of Toronto’s independent retailers and restaurants to the station, and expansion of the GO concourses to accommodate the expected doubling of passengers by 2030. In April 2015, the new spacious 62,000-square-foot York Concourse opened to provide almost twice the space of the existing Bay Concourse to help get customers to where they are going faster and easier. In August 2015, the Bay Concourse was closed to undergo renovation and will remain closed for two years. Substantial completion is expected by the end of 2018.

The original budget was $640 million, with federal ($164.5 million), provincial ($172 million), and municipal ($303.7 million) investments. In 2014, the budget increased to $796.4 million and, in June 2015, increased to $800.7 million. The increase would have been higher, but the city committee approved deferring Phase 2 of the northwest PATH extension to free up $55 million.


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