Vancouver city council has voted to change the land-use designation for four blocks of the Arbutus Corridor along Fir Street, allowing Canadian Pacific Railway to buy that area back for $1. The area is a stretch of the old railway, four blocks in length from West 5th to West 1st Avenue along Fir Street. Once approved by council, it triggered a clause in the deal with CP that would allow them to buy back the land for $1. On Wednesday night, council voted 6-2 in favour of the proposal. The lands currently owned by the City of Vancouver that they are proposing to offer back to CP for $1.

Source: CBC News September 06, 2018 00:22 UTC