Latest news with #TransitSystem
CTV News
13-05-2025
- Business
- CTV News
TTC considering name change for Dundas Station. Here's what the new name could be
A popular subway station in downtown Toronto could get a name change when the TTC board holds it's monthly meeting on Wednesday. A report proposes that Dundas Station, at Yonge and Dundas streets, be renamed 'TMU Station,' to reflect 'the evolution of both the local neighbourhood and [Toronto Metropolitan University].' In the report, the TTC's Chief Strategy and Customer Experience Officer also said the name change will align Dundas Station with the transit system's current practice of naming stations after institutions and destinations, citing York, Museum, Queen's Park, and Osgoode stations as examples. 'The area around Dundas Station has changed dramatically with the rapid growth of TMU, and the TTC station has become fully integrated with the TMU campus and student life,' it reads. Further, the report notes that the university has presented the TTC with an offer that would cover the cost of the renaming and 'create an opportunity for ongoing collaboration with the university.' Additionally, it calls the station renaming 'time-sensitive' and 'unique,' pointing to the upcoming roll-out of 'customer information changes' for the new Line 6 Finch West LRT route, saying that the renaming could be aligned with those changes. 'Should the Board approve the recommendations below, work would begin immediately,' the report reads. 'In addition, there is ongoing work to renew Dundas Station that can be leveraged for a potential renaming of the station. Delaying this decision would result in incrementally higher costs in the future.' In late 2023, Toronto City Council approved renaming Yonge-Dundas Square to Sankofa Square after numerous studies of academic research found that Henry Dundas – the square's namesake – was involved in delaying the abolition of the Transatlantic slave trade. The Jane/Dundas Public Library was renamed the Daniel G. Hill Branch as part of those efforts, and the Dundas West Station is also on the list of 'Dundas-linked city assets' waiting for a name change.
CTV News
13-05-2025
- Business
- CTV News
TTC considering name change for Dundas Station. Here's what the new name could be
A popular subway station in downtown Toronto could get a name change when the TTC board holds it's monthly meeting on Wednesday. A report proposes that Dundas Station, at Yonge and Dundas streets, be renamed 'TMU Station,' to reflect 'the evolution of both the local neighbourhood and [Toronto Metropolitan University].' In the report, the TTC's Chief Strategy and Customer Experience Officer also said the name change will align Dundas Station with the transit system's current practice of naming stations after institutions and destinations, citing York, Museum, Queen's Park, and Osgoode stations as examples. 'The area around Dundas Station has changed dramatically with the rapid growth of TMU, and the TTC station has become fully integrated with the TMU campus and student life,' it reads. Further, the report notes that the university has presented the TTC with an offer that would cover the cost of the renaming and 'create an opportunity for ongoing collaboration with the university.' Additionally, it calls the station renaming 'time-sensitive' and 'unique,' pointing to the upcoming roll-out of 'customer information changes' for the new Line 6 Finch West LRT route, saying that the renaming could be aligned with those changes. 'Should the Board approve the recommendations below, work would begin immediately,' the report reads. 'In addition, there is ongoing work to renew Dundas Station that can be leveraged for a potential renaming of the station. Delaying this decision would result in incrementally higher costs in the future.' In late 2023, Toronto City Council approved renaming Yonge-Dundas Square to Sankofa Square after numerous studies of academic research found that Henry Dundas – the square's namesake – was involved in delaying the abolition of the Transatlantic slave trade. The Jane/Dundas Public Library was renamed the Daniel G. Hill Branch as part of those efforts, and the Dundas West Station is also on the list of 'Dundas-linked city assets' waiting for a name change.
CTV News
12-05-2025
- Business
- CTV News
TTC considering name change for Dundas Station
A popular subway station in downtown Toronto could get a name change when the TTC board holds it's monthly meeting on Wednesday. A report proposes that Dundas Station, at Yonge and Dundas streets, be renamed 'TMU Station,' to reflect 'the evolution of both the local neighbourhood and [Toronto Metropolitan University].' In the report, the TTC's Chief Strategy and Customer Experience Officer also said the name change will align Dundas Station with the transit system's current practice of naming stations after institutions and destinations, citing the York, Museum, Queen's Park, and Osgoode stations as examples. 'The area around Dundas Station has changed dramatically with the rapid growth of TMU, and the TTC station has become fully integrated with the TMU campus and student life,' it reads. Further, the report notes that the university has presented the TTC with an offer that would cover the cost of the renaming and 'create an opportunity for ongoing collaboration with the university.' Additionally, it calls the station renaming 'time-sensitive' and 'unique,' pointing to the upcoming roll-out of 'customer information changes' for the new Line 6 Finch West LRT route, saying that the renaming could be aligned with those changes. 'Should the Board approve the recommendations below, work would begin immediately,' the report reads. 'In addition, there is ongoing work to renew Dundas Station that can be leveraged for a potential renaming of the station. Delaying this decision would result in incrementally higher costs in the future.' In late 2023, Toronto City Council approved renaming Yonge-Dundas Square to Sankofa Square after numerous studies of academic research found that Henry Dundas – the square's namesake – was involved in delaying the abolition of the Transatlantic slave trade. The Jane/Dundas Public Library was renamed the Daniel G. Hill Branch as part of those efforts, and the Dundas West Station is also on the list of 'Dundas-linked city assets' waiting for a name change.
CTV News
12-05-2025
- Business
- CTV News
TTC considering name change for Dundas Station
A popular subway station in downtown Toronto could get a name change when the TTC board holds it's monthly meeting on Wednesday. A report proposes that Dundas Station, at Yonge and Dundas streets, be renamed 'TMU Station,' to reflect 'the evolution of both the local neighbourhood and [Toronto Metropolitan University].' In the report, the TTC's Chief Strategy and Customer Experience Officer also said the name change will align Dundas Station with the transit system's current practice of naming stations after institutions and destinations, citing the York, Museum, Queen's Park, and Osgoode stations as examples. 'The area around Dundas Station has changed dramatically with the rapid growth of TMU, and the TTC station has become fully integrated with the TMU campus and student life,' it reads. Further, the report notes that the university has presented the TTC with an offer that would cover the cost of the renaming and 'create an opportunity for ongoing collaboration with the university.' Additionally, it calls the station renaming 'time-sensitive' and 'unique,' pointing to the upcoming roll-out of 'customer information changes' for the new Line 6 Finch West LRT route, saying that the renaming could be aligned with those changes. 'Should the Board approve the recommendations below, work would begin immediately,' the report reads. 'In addition, there is ongoing work to renew Dundas Station that can be leveraged for a potential renaming of the station. Delaying this decision would result in incrementally higher costs in the future.' In late 2023, Toronto City Council approved renaming Yonge-Dundas Square to Sankofa Square after numerous studies of academic research found that Henry Dundas – the square's namesake – was involved in delaying the abolition of the Transatlantic slave trade. The Jane/Dundas Public Library was renamed the Daniel G. Hill Branch as part of those efforts, and the Dundas West Station is also on the list of 'Dundas-linked city assets' waiting for a name change.
Business Times
06-05-2025
- Business
- Business Times
Johor-Singapore SEZ draws investor interest from developers eyeing residential and industrial sites
[SINGAPORE] Investors are currently focused on acquiring residential and industrial development sites in the Johor-Singapore Special Economic Zone (JS-SEZ), where opportunities for growth in the hospitality sector are expected to present themselves in the longer-term. Govinda Singh, Colliers' executive director for Asia-Pacific Capital Markets, hotels, hospitality and advisory, said: 'Johor is still in its infancy when it comes to core real estate. There's still a lot of runway to grow as its population grows and as industry develops. The sector is going to become more and more mature. 'There's a lot of land there. There aren't enough good-quality assets to invest in as yet, but that will change in time.' He was speaking to an audience of mostly investors and developers at an event organised by Maybank and the Real Estate Developers' Association of Singapore (Redas) on Tuesday (May 6). Singh said: 'There's a big supply overhang at the moment in the high-end residential market. In the market for those buying second homes in Johor, a lot of the properties are being rented out, and even then, there's not enough demand from visitors. If we want more people to live and work (in Johor), we have to make it affordable.' He was speaking in a panel discussion with Vinothan Tulisinathzan, minister counsellor of the Malaysian Investment Development Authority in Singapore (MIDA) and Chong Paul Wee, real estate director of corporate banking at Maybank. The panel was moderated by Yvonne Tan, UOL Group's chief corporate and development officer. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up In February, GuocoLand announced that it would partner Malaysia's UEM Sunrise to develop selected freehold land parcels in Iskandar Puteri, within the JS-SEZ. Responding to a question on the likelihood of success of the JS-SEZ, Chong said: 'The JS-SEZ is the strongest attempt by both governments in making it happen. It's not by invitation of one or the other, but really a joining of hands in making the arrangement formal.' Tulisinathzan described the JS-SEZ as 'inevitable', and would have immense economic benefits for Malaysia and Singapore. Both governments are enhancing the infrastructure needed to facilitate trade and investment between Johor and Singapore. The rollout of QR code clearance at immigration checkpoints in Malaysia is expected to reduce clearance time by up to 75 per cent, Tulisinathzan said. 'There has been substantial discussion on a ferry service from Puteri Harbour to Tuas.. There's also desire to have a (second) Rapid Transit System Link from Tuas to Iskandar.' There is strong demand for industrial and logistics assets as Johor seeks to develop its semiconductor and pharmaceutical sectors, Singh said. The SEZ may also present opportunities for Johor to build a Meetings, Incentives, Conferences, and Exhibitions (Mice) industry. 'Johor has ample space and can differentiate itself from Singapore by offering larger capacity venues, especially to more price-sensitive organisers. Singapore's largest Mice venue has a total of only 123,000 sq m of indoor space.' The number of overnight visitors to the State of Johor is expected to double from 4 million in 2024 to 8 million in 2030, as transport connectivity and entertainment options are enhanced. Investors can seize the opportunity to target the mid-market hotel segment, which will deliver good returns; they can also home in on the upscale, internationally branded segment, which can lift average room rates in the area and create a more vibrant economic environment, Singh said. Developers can also consider venturing into the Build-to-Rent segment in Johor Bahru and Iskandar Puteri, which are expected to attract talent from the manufacturing, digital economy and health sectors. Singh said: 'When people come to a new place, they would usually look to rent, given that they don't know the market well, or can't afford to buy in the first instance.'' The proposed JS-SEZ presents new opportunities for greater cross-border collaboration and investment between Singapore and Johor, a Redas spokesman said. 'While the initiative is still taking shape, there is growing interest in its potential for sectors such as real estate, trade, infrastructure and hospitality.'
