Instead of returning the reversionary land, the CPR created a real estate company to sell land, hundreds of train stations, roundhouses, rights-of-way...The mega corporation General Electric and Oxford Properties bought MARATHON REALTY in 1996. And GE, Husky Oil, timber, mining and metal companies either own CPR land, or they have drilling, timber and mineral rights.
In 1980, Prime Minister Trudeau tried to return the railway land to its rightful owners:
|MARATHON REALTY sold CPR land, federal Crown property, to multinational corporations. (The document is from "The 1984 Report of the Auditor General of Canada"---Section 6.90.)|
Premier Campbell demanded that the Provincial Capital Commission provide him with a list of Crown properties that could be sold. In the year 2012, 100 PCC holdings will be privatized. The Provincial Capital Commission owns harbours, park land and many historic buildings, including:
|The CPR Steamship Terminal Building in Victoria, B.C.|
|812 Wharf Street in Victoria, B.C.|
|Jane Jacobs at the "Save the Penn Station" rally in New York City, 1962. Notice the similarity between Penn Station and Toronto's Union Station.|
Air Canada/Trans Canada Airlines
Canadian National Hotels.
The general public believes that CN Rail and CP Rail are rivals. Nothing could be further from the truth:
- Hunter Harrison, the former head of CN Rail, is now the CEO of CP Rail.
- Gordon Campbell sold a profitable B.C. Crown corporation, B.C. Rail, to CN Rail.
- CNCP Telecommunications was a subsidiary of Canadian Pacific Limited.
- In 1988, the government sold the Canadian National Hotels, federal Crown property, to Canadian Pacific Limited. A few years later, Carl Icahn and Fairmont Hotels and Resorts bought the iconic hotels.
- Via Rail has to share railway tracks with CN and CP. Freight trains have first priority over passenger trains, and Via Rail pays the railway companies to use their tracks.
- Order-in-Council - April 26, 1990 - Canadian National Railway to enter into an agreement with Canadian Pacific Limited which provides for the sale to CP of certain spur lines situated in the vicinity of Peterborough as well as any real assets. (The OIC volumes can be found at Library and Archives Canada on Wellington Street in Ottawa.)
- Order-in-Council - January 18, 1991 - Canadian National Railways Act - Approval of the entry into a sales agreement between Via Rail Canada Inc., Canadian National Railway and Canadian Pacific Limited of the Ottawa Station Building. (The Conference Centre, see photo of the building below.)