Construction starts at site of future GO downtown Toronto bus terminal

News Jun 21, 2017 by Rahul Gupta City Centre Mirror

A future GO bus terminal housed within a $2 billion dollar office tower development adjacent to the Air Canada Centre promises to have three times the operating capacity as now, says Metrolinx.

Part of the sprawling CIBC Square office mega-development, which will encompass two office towers connected by a one-acre elevated park spanning across the Union Station rail corridor, the new terminal  will be located at 81 Bay Street and is scheduled to open in 2020. With GO requiring expanded bus access, acting Metrolinx CEO John Jensen said a larger terminal is urgently needed.

“The existing station is dated and ready for an upgrade, and this provides an excellent opportunity to … connect with a fabulous development,” said Jensen following a lavish groundbreaking ceremony marking the start of construction Wednesday morning at the 81 Bay site, which is currently a parking lot.

The current terminal will remain in use right until the completion of the 49-storey tower, allowing for a seamless transfer to the new structure, said Jensen. Until then riders will have to get used to another construction project in the area, along with the continuing Union revitalization work.

“Certainly construction will be ongoing for some time,” he said. “We need to recognize that the end is a fabulous new Union Station, great accessibility and an improved experience for all the transit users in Toronto and the GTHA.”

The new terminal could be also become the new home for some private bus companies, with negotiations underway to migrate existing routes from the Toronto Coach Terminal, said Metrolinx spokesperson Anne Marie Aikins. 

The project is scheduled for full completion by 2023, when the second tower at 141 Bay and the park space are completed. It will eventually serve as the main headquarters for CIBC, housing some 20,000 Toronto employees in the two towers. Mayor John Tory, who was on hand for the ceremony, said CIBC Square, formerly known as Bay Park Centre, could one day connect to his Rail Deck Park proposal. 

He vowed to keep fighting to build the $1-billion unfunded plan to create 21 acres of elevated green space between Bathurst Street and Blue Jays Way overtop the western portion of the Union rail corridor. 

“People say it’s expensive, it will take too long, it’s too big, it’s too bold,” said Tory of the Rail Deck Park proposal. “We must not let hand-wringing get in the way of moving forward with ambitious projects which will build a great city.”

Ontario Minister of Transportation Steven Del Duca welcomed Tory’s enthusiasm but maintained no discussions have yet taken place between the province and the city in regards to Rail Deck Park, nor would he commit to a funding figure.

“It’s premature for me to get into a position to say … how much we (potentially) give,” said the Minister following the ceremony. “I know right now we are investing more in public transit in Toronto and the surrounding region than any other provincial government in history.”

CIBC Square is under development by Ivanhoe and Cambridge and Hines Canada. The bus terminal is estimated to cost just over $100 million, said Aikins.

Construction starts at site of future GO downtown Toronto bus terminal

CIBC Square development includes two office towers connected by elevated park

News Jun 21, 2017 by Rahul Gupta City Centre Mirror

A future GO bus terminal housed within a $2 billion dollar office tower development adjacent to the Air Canada Centre promises to have three times the operating capacity as now, says Metrolinx.

Part of the sprawling CIBC Square office mega-development, which will encompass two office towers connected by a one-acre elevated park spanning across the Union Station rail corridor, the new terminal  will be located at 81 Bay Street and is scheduled to open in 2020. With GO requiring expanded bus access, acting Metrolinx CEO John Jensen said a larger terminal is urgently needed.

“The existing station is dated and ready for an upgrade, and this provides an excellent opportunity to … connect with a fabulous development,” said Jensen following a lavish groundbreaking ceremony marking the start of construction Wednesday morning at the 81 Bay site, which is currently a parking lot.

The current terminal will remain in use right until the completion of the 49-storey tower, allowing for a seamless transfer to the new structure, said Jensen. Until then riders will have to get used to another construction project in the area, along with the continuing Union revitalization work.

“Certainly construction will be ongoing for some time,” he said. “We need to recognize that the end is a fabulous new Union Station, great accessibility and an improved experience for all the transit users in Toronto and the GTHA.”

The new terminal could be also become the new home for some private bus companies, with negotiations underway to migrate existing routes from the Toronto Coach Terminal, said Metrolinx spokesperson Anne Marie Aikins. 

The project is scheduled for full completion by 2023, when the second tower at 141 Bay and the park space are completed. It will eventually serve as the main headquarters for CIBC, housing some 20,000 Toronto employees in the two towers. Mayor John Tory, who was on hand for the ceremony, said CIBC Square, formerly known as Bay Park Centre, could one day connect to his Rail Deck Park proposal. 

He vowed to keep fighting to build the $1-billion unfunded plan to create 21 acres of elevated green space between Bathurst Street and Blue Jays Way overtop the western portion of the Union rail corridor. 

“People say it’s expensive, it will take too long, it’s too big, it’s too bold,” said Tory of the Rail Deck Park proposal. “We must not let hand-wringing get in the way of moving forward with ambitious projects which will build a great city.”

Ontario Minister of Transportation Steven Del Duca welcomed Tory’s enthusiasm but maintained no discussions have yet taken place between the province and the city in regards to Rail Deck Park, nor would he commit to a funding figure.

“It’s premature for me to get into a position to say … how much we (potentially) give,” said the Minister following the ceremony. “I know right now we are investing more in public transit in Toronto and the surrounding region than any other provincial government in history.”

CIBC Square is under development by Ivanhoe and Cambridge and Hines Canada. The bus terminal is estimated to cost just over $100 million, said Aikins.

Construction starts at site of future GO downtown Toronto bus terminal

CIBC Square development includes two office towers connected by elevated park

News Jun 21, 2017 by Rahul Gupta City Centre Mirror

A future GO bus terminal housed within a $2 billion dollar office tower development adjacent to the Air Canada Centre promises to have three times the operating capacity as now, says Metrolinx.

Part of the sprawling CIBC Square office mega-development, which will encompass two office towers connected by a one-acre elevated park spanning across the Union Station rail corridor, the new terminal  will be located at 81 Bay Street and is scheduled to open in 2020. With GO requiring expanded bus access, acting Metrolinx CEO John Jensen said a larger terminal is urgently needed.

“The existing station is dated and ready for an upgrade, and this provides an excellent opportunity to … connect with a fabulous development,” said Jensen following a lavish groundbreaking ceremony marking the start of construction Wednesday morning at the 81 Bay site, which is currently a parking lot.

The current terminal will remain in use right until the completion of the 49-storey tower, allowing for a seamless transfer to the new structure, said Jensen. Until then riders will have to get used to another construction project in the area, along with the continuing Union revitalization work.

“Certainly construction will be ongoing for some time,” he said. “We need to recognize that the end is a fabulous new Union Station, great accessibility and an improved experience for all the transit users in Toronto and the GTHA.”

The new terminal could be also become the new home for some private bus companies, with negotiations underway to migrate existing routes from the Toronto Coach Terminal, said Metrolinx spokesperson Anne Marie Aikins. 

The project is scheduled for full completion by 2023, when the second tower at 141 Bay and the park space are completed. It will eventually serve as the main headquarters for CIBC, housing some 20,000 Toronto employees in the two towers. Mayor John Tory, who was on hand for the ceremony, said CIBC Square, formerly known as Bay Park Centre, could one day connect to his Rail Deck Park proposal. 

He vowed to keep fighting to build the $1-billion unfunded plan to create 21 acres of elevated green space between Bathurst Street and Blue Jays Way overtop the western portion of the Union rail corridor. 

“People say it’s expensive, it will take too long, it’s too big, it’s too bold,” said Tory of the Rail Deck Park proposal. “We must not let hand-wringing get in the way of moving forward with ambitious projects which will build a great city.”

Ontario Minister of Transportation Steven Del Duca welcomed Tory’s enthusiasm but maintained no discussions have yet taken place between the province and the city in regards to Rail Deck Park, nor would he commit to a funding figure.

“It’s premature for me to get into a position to say … how much we (potentially) give,” said the Minister following the ceremony. “I know right now we are investing more in public transit in Toronto and the surrounding region than any other provincial government in history.”

CIBC Square is under development by Ivanhoe and Cambridge and Hines Canada. The bus terminal is estimated to cost just over $100 million, said Aikins.