Agenda Index City of Vancouver

B

MOTION

Arbutus Corridor

BACKGROUND:

According to our best information, the CPR posted 60-day notice on December 18, 1999 under Sect. 145 of the Railway Discontinuance Act which allows another rail operator to buy/lease the Corridor. Failing any offers, the CPR must then post 30 day notice (Feb. 18 - March 18, 2000) and offer the Corridor to the three levels of government. If no one bites, the CPR can then sell off the Corridor to developers.

The CPR got the Corridor as part of its original 1880s land grant. It leased the line to the BCER for passenger rail service until 1958, and for freight service until 1986 when it reassumed control. The 6-mile long, 45 acre strip is currently assessed at $409,000 for tax purposes. The CPR has proposed a Draft Development Option which values the Corridor at $100 million.

City Engineer Dave Rudberg is responsible for the Downtown Historic Railway which runs along Second Avenue from Granville Island to Science World.


ag000201.htm


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