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Originally Posted by officedweller
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Fortunately, today's reporters don't bother to check the history of the site, otherwise they'll find that BC Gov't bought the site & constructed the building as a sweetener for Bombardier to do the final assembly of the MkII cars in Vancouver. They thought that Bombardier would be selling boat-loads of these MkII cars to Asia after the Vancouver order was complete, and this site would do the near-final assembly to prep the cars for shipping overseas. What they didn't expect was the Asian governments would make the same sweet deal with Bombardier to get final assembly done in their country.
With the MkII cars contract completed, Bombardier didn't need the building anymore, so BC Gov't (aka BC Transit) was stuck with an empty Skytrain assembly building. Wait until after an election and sell at a loss.
there were various private owners/investors with non-transit tenants over the years, until 2012 when Translink rediscovers the building is just what they need for the MkI cars refurb program. Rent site for few years, then buy it back from the private investors at a tidy profit for them.