Saturday, June 15, 2019

The Canadian National Railway refused to tell Deputy Prime Minister Erik Nielsen how much property they owned.

The CNR knew. CN Real Estate was created in 1980 to commercialize the property holdings of the Crown corporation. Just as the Canadian Pacific Railway created Marathon Realty in 1963 to monetize the millions of acres of land  they were given by Prime Minister of Canada Sir John A. Macdonald. Sir John A. gave the land to the CPR with the understanding that any land no longer needed by the CPR would return to the Crown, the people of Canada. The reversionary land was never returned to its rightful owners.
From: The Erik Nielsen Report, 1985.
The Canadian Broadcasting Corporation was delisted from "The Federal Directory of Real Property" website because the land and buildings are gone. The CBC operated out of the Chateau Laurier Hotel, Ottawa for years.
From a 1992 directory of federal real estate.

From a 1992 directory.
From: The Erik Nielsen Report, 1985.

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