Toronto transit agency Metrolinx to take ‘modest first step’ into real estate

The Toronto regional transit agency will take an unprecedented step into the real estate business Wednesday when it issues a request for proposals to develop four of its Eglinton-Crosstown station properties.

Following in the footsteps of financially successful transit agencies overseas, Metrolinx’s plan will aggressively seek returns on transit INVESTMENTSby ensuring new stations are parts of mixed-use buildings from Day One. It’s a long-term strategy that infrastructure funding experts say should revolutionize how Canadians think about paying for transit expansion.

Read full story: Toronto transit agency Metrolinx to take ‘modest first step’ into real estate