from yesterday's GlobeSt --
$355M Secures Montreal Rail Station Agreement
By Joe Clements
"MONTREAL-In the latest example of private infrastructure investment, the Canadian National Railway Co. has agreed to a $355 million sale/leaseback of this city’s Central Station transit terminal and ancillary facilities. The deal includes CNR’s 17-story corporate headquarters and the railway passenger facilities, around which new owner Homburg Invest envisions upwards of one million sf of new mixed-use development." ....
"The sale/leaseback does require federal government approval of an initiative to protect the historical features of the station, a goal that Homburg insists his firm is eager to achieve for a facility now approaching its 65th anniversary. Should the proposal pass muster on that matter and the normal regulatory clearance, both sides say they anticipate closing on the deal by year’s end. "
for the complete story see:
http://www.globest.com/news/999_999/canada/164283-1.html
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