The Globe and Mail reports in its Tuesday, Sept. 30, edition that an entire city block is up for grabs for $28-million in Vancouver's upscale Kerrisdale neighbourhood. The Globe's Brent Jang writes that the asking price for the commercially zoned "C-2" block works out to $357 a square foot of buildable space or $893 a square foot of land. Close to the Kerrisdale property is Canadian Pacific Railway's Arbutus Corridor. The City of Vancouver's zoning for CP's 11-kilometre path is for a transportation corridor. By that definition, Mayor Gregor Robertson reckons that the railway's property that snakes through some of Canada's priciest neighbourhoods is worth perhaps $20-million in total. That works out to $10.68 a square foot -- the City of Vancouver's low-ball offer to CP. CP chief executive officer Hunter Harrison figures a more realistic value would be at least five times higher to total $100-million at a minimum, or beyond $400-million on the higher end of the appraisal range based on adjacent land. CP recently took out full-page newspaper ads, featuring an open letter from Mr. Harrison to press his case that the City of Vancouver is trying to acquire the right-of-way for a song.