Quote:
Originally Posted by jammies
For the large amount of money they'd be paid for use of the land? I would imagine that the worth of that corridor from 4th Street E to 10 Street W would be multiple billions, if it were simply fallow land. It's not worth as much if you have to build around any tunnel, but we're still talking land directly adjacent to a downtown that doesn't really have any other direction to grow.
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CP sold off the lands adjacent to their right-of-way long ago. All that they own is the thin strip of land that the tracks sit on, which would only be valuable to the adjacent landowners as it's not developable on its own. I can't see a scenario where moving the tracks would be profitable for CP, and tunneling is cost prohibitive in Calgary.
They had the chance to move the tracks in the 60s but that ship has sailed, we are stuck with them.