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Canadian Pacific Railway Ltd
Symbol CP
Shares Issued 159,779,839
Close 2015-09-03 C$ 186.05
Market Cap C$ 29,727,039,046
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Van Sun says CP has little to gain fighting Vancouver

2015-09-04 09:39 ET - In the News

The Vancouver Sun reports in its Friday edition nothing will be resolved if CP Rail moves ahead with plans to start storing rail cars along the city's contentious Arbutus corridor, say two experts from the University of B.C. Postmedia's John Colebourn writes in a discussion on Thursday focusing on the future of the rail corridor which runs from False Creek to the Fraser River in Vancouver, Sauder professor Robin Lindsey and associate professor Thomas Davidoff said the railway's plans to store rail cars along the route will do little more than create traffic headaches for area residents. What needs to happen is both CPR and the City of Vancouver sit down and hammer out a deal, they say. Some real estate analysts have pegged the land value as much as $400-million if the land now designated for transportation only gets rezoned for housing. Prof. Lindsey, who has looked at the situation from a transportation perspective, said CPR's last customer along the rail line was in 2001. That was when Molson Brewery on Burrard Street started using trucks instead of the rail line to move its product. Prof. Lindsey said the rail line is suitable for a hiking and cycling route but the price may be too much for the city.

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