CN Tower for Sale?

by jordan | November 14, 2008 at 09:01 am

1536 views | 25 Recommendations | 20 comments

Canadian Finance Minister Jim Flaherty discussed selling off government-owned assets to bolster the declining Canadian economy. This could include the CN Tower, which is the only (and I mean the only) city landmark that any (and I mean any) of my non-Canadian friends or family members can recognize. Located down on Front Street, the CN Tower is the tallest free-standing structure in the world.

Flaherty declined to say which assets are on the block, but said such a sale is "one way of reducing a deficit or perhaps having a small surplus."

He raised the example of the CN Tower, which was completed at a cost of $63 million in 1975. It is federally owned and managed by Canada Lands Company, a Crown corporation.

"I won't get into some of the things that Canadians own," Flaherty said at a news conference at the Conservative party's national policy convention. "But they'd be very surprised to know that they own things like the CN Tower. It's a surprise to most Canadians that that's an asset of the government of Canada."

Selling what is perhaps Toronto's only international symbol would be, politically speaking, very unwise: a short-term gain which only addresses an economic symptom, in exchange for being known as the politician who literally sold Toronto's identity.

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Tomitheos

New York buildings and businesses are mostly foreign owned so this should be no surprise. Thanks for sharing this story, perhaps we can change this outcome somehow?

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louisloic

Should they sell the CN Tower ???

louisloic has contributed a photo to this story.

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Mihnea

No they shouldn't. I have actually found a website that sells protest pins and t-shirts.

http://www.zazzle.com/cn_tower_is_canadian_button-145896234888797190

I got a bunch of pins that me and my friends will wear in protest to this.


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crysta_d

The CN tower is an amazing structure. I recently saw the Empire State, in comparison you realise how much land there is in Toronto and appreciate Toronto's surrounding. It s atructure that defines the place and is one of the key tourist attractions specific to the location. Selling the CN tower will strip Toronto of ifs few landmarks .

crysta_d has contributed a photo to this story.

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reno_fog

I think they should not sell this fantastic structure

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Brad Saunders

Selling the tower is fine, but they should keep the naming rights. Let's not get into the same situation as hockey arenas, with the name changing every few years.

Brad Saunders has contributed a photo to this story.

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Margaret Price

Firstly, the CN Tower is no longer the tallest in the world. It was surpassed by in 2007 by the Burj Dubai. It is, however, still the tallest in the Americas.

Secondly, it is probably a surprise to most Canadians that the tower belongs to the government because they probably don't realize that, before Canadian National was privatized in the mid 1990s, it divested itself of the tower, turning it over to the Canada Lands company. 

In my mind, CN has always stood for Canadian National, even if they still have no actually connection with the tower any longer. I see nothing wrong with selling it. But then, I'm a capitalist at heart.


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john irving

Hi,
i think that this and the other photos i shared are the demonstration of the "sovereign" of the tower on Toronto.
Infact i take this photo from Casa Loma, and the other from The Distillery district.
Two area very far that confirms that the tower is visible from every part of the city.
I have other photo from other area,and will share in the next days.
Thanks.

john irving has contributed a photo to this story.

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Marc VFR

I don't have a real problem with selling the CN tower, I see famous spaces being sold and renamed all the time. While it does lend a sense of impermanence to a place (anybody remember when there was a place called "The O'Keefe Center"?) I also concede that cities need to evolve.

I *do* take issue with the statement that the CN tower is Toronto's only landmark. City Hall is a unique landmark, you just can't see it from 20 miles away. I think arguments can be made for the Ontario Place Geodesic dome, "The Dome" sports facility and The Eaton Center which are all eminently recognizable and discernably "Toronto". Heck, even the new Louvre-like ROM building is certainly unique and will eventually become associated with that fair city...


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Witherin

I never minded having the Tower in government hands so long as it was kept up and made accessible to the public. By the same token, maybe privatizing it again will breathe new life into it. Just so long as it's kept in Canadian corporate hands. Let's not go selling our internationally recognized entities to foreign interests.


I also agree that the Tower isn't the only landmark that our foreign friends might recognize. Certainly the City Hall has been well represented. Heck, it even made it into a montage of images on a Star Trek episode (just injecting a touch of geekism). In fact, I'd say our most recognized landmark is the TD Centre. I've lost count of how many films have used those buildings to represent some anonymous city's downtown core.

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Tiash

Now they have something to sell.What happen afterwards.Say one year from now Canad agian face eco problem.And would they try to sell Canada?

Tiash

 

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frankieteardrop

Ummm, surprising to who? I thought everyone knew the CN Tower was a government asset. Selling it off to relieve some debt... hilarious. This is what we elect these folks for, clever solutioning to difficult problems. Or not.

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cleebie

the CN Tower being 553.3 m (1,815 ft) lost it's Title as the tallest free standing structure in the world September 12, 2007 to the  Burj Dubai has reached 707 m (2,320 ft) in height on September 26, 2008, and that building is not complete yet, also KVLY-TV mast in North Dakota, USA, which is still the tallest completed structure at 628.8 m (2,063 ft).

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Skulk.ca

I can't say that I'm surprised they're selling it. And really, what difference will it make? It's already got a corporate name, and Canadians and foreigners alike have to shell out big money to gain access.

Presumably, if the government is considering selling it, it's not a revenue generator, and is more than likely running at a deficit. If a corporation can keep it open and reduce the drain on taxpayers, I'm fully in favour.

All that being said, I really enjoy seeing it everyday.

Skulk.ca has contributed a photo to this story.

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Mark-Devine

I'm not from Canada but took this photo back in 2005 while visiting Toronto. It seems a shame to sell off such an iconic structure and a symbol of Toronto.

Mark-Devine has contributed a photo to this story.

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tyfn

It is one of a number of Crown Corporations in Canada. According to Wikipedia, both Petro-Canada and Air Canada were once crown corporations. Selling them  hasn't changed the way they operate.  Selling the CN Tower during this economic downturn may not be the best idea, however if it is sold in the future it will just mean a name change, it will still be there.


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Paschen

I am a little surprised and late to find out as well.

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hark

My 5 year old son and I were on our way to see the airshow and to have some fun at the CNE this summer when I looked across the tracks and couldn't resist taking this shot.

hark has contributed a photo to this story.

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azzayindia

yeah man go ahead my blessings are with u

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derek kelly

he is a f************** a************* ever in canada

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November 14, 2008 at 09:01 am by jordan, 1536 views, 20 comments

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