Quote:
Originally Posted by MIPS
It's a conspiracy that the city by proxy of Shaughnessy proper used their weight to strong arm CP out of the line. Remember the first offer the city made that CP slapped down? Then there was the mysterious fire. A message was given.
There was many millions on the line in the form of property value if the wealthiest neighborhood in the city suddenly had a viable (but not active) commercial rail link next to it again. I'm in the same camp that the fires are acts of sabotage to protect the neighborhoods West of Granville and not just Sketchy the Crackhead playing with matches.
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It's not entirely clear what you're referring to, but if it's the purchase of the Arbutus Line, CP had no intention of running any sort of commercial service on the line once they had no freight customers. They had already submitted development applications for housing on some of the land the tracks occupied in the late 1990s.
The City response in 2000 was to rezone the land for transportation, both active as light rail and as a greenway. CP fought, and lost several cases to try to have the rezoning annulled. In 2014 CP, in an effort to negotiate a higher price from the City, (they wanted $100m) started clearing the community gardens that had been developed (with no authorization) over the years, and put fences up again. It was purely a negotiating tactic, as there were no freight customers left using the line by then. The City tried to stop the use, but the Supreme Court in 2015 said CP could reactivate the line to store railcars.
It wasn't too long before the deal to sell to the City was announced in March 2016. CP got $55m, which was a lot less than the land would have been worth for the housing they had proposed a decade earlier, and the City got a possible future light rail route, and a greenway.