Obico Yard

Obico Yard was a small (74 acres (30 hectares)) intermodal terminal operated Canadian Pacific Railway located on Kipling Avenue in Etobicoke, Toronto, Ontario, Canada. The yard was closed in 2012 and operations were consolidated at the Vaughan Intermodal Terminal.[1] Vanessa Lu, reporting in the Toronto Star wrote that the closure decision followed a "bitter proxy fight" that shook up the company's board of directors.

In January 2015 CPR announced that it would be liquidating 30 redundant yards, making them available for redevelopment.[2][3]

Transit commentators speculated on the opportunities the availability for re-use the sale would represent.[4] Steve Munro pointed out that the yard was near Kipling Station, the western terminus of the Toronto Transit Commission's Bloor-Danforth Line, an ideal location to serve as a needed subway yard to help accommodate the TTC's expanding subway lines. Munro asserted it would be a "major failure" if the property were turned into yet another subdivision.

As of the spring of 2018, the City of Toronto had moved to expropriate the site for use in the TTC's Line 2 Modernization Plan.[5]

References
  1. Vanessa Lu (2012-07-18). "CP Rail to close Etobicoke terminal, eliminating 30 jobs". Toronto Star. Retrieved 2016-07-24.
  2. Garry Marr (2015-01-20). "CP Rail seeks to tap value of its surplus property in Toronto and other cities in new venture". Financial Post. Retrieved 2016-07-24. The four included Schiller Park, a 75 acre site in Chicago; Obico, a 74 acre site in Toronto’s west end; South Edmonton Yard, a 92 acre site close to downtown Edmonton; and Lucien L’allier, a three acre site in downtown Montreal.
  3. Eric Atkins (2015-01-20). "Canadian Pacific Railway to develop portfolio of properties". The Globe and Mail. Retrieved 2016-07-24. The joint venture will focus on rural and urban properties in North America, including Schiller Park, a 75-acre site in Chicago; Obico, a 74-acre site in Toronto; the 92-acre South Edmonton Yard; and Montreal’s Lucien L’allier, a three-acre site. Land in Vancouver, Calgary and Vancouver will also be eyed for development.
  4. Steve Munro (2015-01-21). "CPR Obico Yard: A chance for TTC Expansion?". Retrieved 2016-07-24. Toronto talks a lot about preserving industrial lands, but if this property turns into a new subdivision, this will be a major failure by the TTC (or GO Transit) to grab an ideal spot for expanded system capacity.
  5. "Expropriation of 30 Newbridge Road and 36 North Queen Street" (PDF). City of Toronto. 2018-04-18.


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