🚌 After almost a century of use, the Toronto Coach Terminal will cease operations next month and be handed over to the municipal government for potential redevelopment. thestar.com/news/gta/2021/… 
For almost a century, the grey building near the corner of Bay and Dundas Streets downtown has been Toronto’s hub of intercity bus service. /2 thestar.com/news/gta/2021/…
A report going to the Toronto Coach Terminal Inc. (TCTI) board says its agreement with a joint venture of Greyhound and Coach Canada will run out on July 7, and the bus companies “will not be occupying the properties after the lease expiration.” /3 thestar.com/news/gta/2021/…
It recommends the TCTI transfer the Bay Street property, as well as an addition to the bus terminal at nearby 130 Elizabeth St., to the city once the lease expires. /4 thestar.com/news/gta/2021/…
In exchange TCTI will ask for $4.2 million from the city so it can pay down a loan, although the valuation of the property “significantly exceeds this amount,” according to the report. /5 thestar.com/news/gta/2021/…
Greyhound Canada announced last month it was permanently shutting down its operations across the country, although its U.S. affiliate will continue to run cross-border routes to major Canadian cities once the border is reopened. /6 thestar.com/news/gta/2021/…
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