Purchase of CP/Via Rail Station Approved for Market Opening on June 22
Released Tuesday, May 14, 2013
The future of Sudbury’s downtown public market has been secured with Greater Sudbury Council’s approval to purchase the CP/Via Rail Station property on Elgin Street for $416,500, effective May 22, 2013.
In June and September of last year, Greater Sudbury Mayor Marianne Matichuk led negotiations for the purchase of the historic building. An agreement was reached to purchase the CP/Via Rail Station for $1 and the property it sits on for $416,500.
At the same time, an opportunity arose to secure an adjacent parking lot leased by the City from Canadian Pacific for an additional $1,249,500.
“I am delighted we can finally announce the details of these highly successful negotiations,” said Mayor Matichuk. “When we look back on this day in the history books, it will be with the sense that we achieved a sound deal for our citizens. I’d like to thank Canadian Pacific, Council, staff and the advisory panel members for their support and their belief in an exciting new vision for Sudbury’s downtown and public market.”
Before the City can take possession of the 1907-era CP/Via Rail Station, approval must be granted by the Historic Sites and Monuments Board of Canada. In the interim, Canadian Pacific has agreed to lease the building to the City for a nominal fee until the transfer takes effect.
Plans are in place to open The Market on Saturday, June 22. Approximately 24 vendors, six of whom are new to the downtown market, have registered to date. Hours of operation have been fixed at Saturdays from 8 a.m. to 3:30 p.m. and Sundays from 10 a.m. to 3:30 p.m.
The City retained Perry + Perry Architects to design Phase 1 of the outdoor market. Outdoor vendors will be under the shelter of colourful, semi-permanent tent structures with allowance for more permanent structures in future phases. Vendors who require indoor protection will work from modular storage units, providing the same footage for displays as the former Market Square.
The $1,249,500 parking lot will be funded from the municipal Parking Reserve Fund to maintain parking spaces in the downtown core. The $416,500 CP/Via Rail Station purchase is funded from a $3.3 million capital reserve from the sale of Market Square to Laurentian University.
Cost to develop Phase 1 of The Market is estimated at $1.2 million. Future phases of the outdoor market are currently estimated at $1.5 million to $1.9 million.
Council has directed municipal staff to proceed with applications for additional funding for Phase 2 of the new market, from the Federation of Canadian Municipalities Municipal Green Fund, under the Brownfields Funding Program, and the Northern Ontario Heritage Fund.
The vision for the revitalized downtown market includes ample room for future growth, excellent exposure to a traffic count of more than 50,000 average annual daily trips and a synergy with the Laurentian School of Architecture, which will be linked from the public market with the Elgin Street Greenway.