Quote:
Originally Posted by red-paladin
Go CPR Go!
Also, I thought that CPR created Marathon for the purpose of disposing of real estate already?
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Marathon was the commercial (aka non-railway ROW) real estate property division of Canadian Pacific Limited and was sold off in 1996 to General Electric Capital Group and Oxford Properties. Other divisions set up in the 1960s were CPAir, CPShips, CPTrucking, CPHotels -all sold off since the 1990's.
I'm not surprised to see CP is looking again at doing something with their real estate holdings, since they have prime land like Arbutus Corridor all over North America with tracks they want to abandon & sell off the property or re-develop it.