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Toronto transit agency Metrolinx to take 'modest first step' into real estate

from The Globe and Mail

The Toronto regional transit agency will take an unprecedented step into the real estate business recently when it issues a request for proposals to develop four of its Eglinton-Crosstown station properties. Following in the footsteps of financially successful transit agencies overseas, Metrolinx's plan will aggressively seek returns on transit investments by ensuring new stations are parts of mixed-use buildings from Day One. more

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