City of Quebec Acquires Parking Lot for Tramway Hub: $37 Million Investment

2023-06-19 16:25:49

In a transaction that constitutes the biggest acquisition to allow the construction of the tramway, the City of Quebec has just spent $37 million to get its hands on the parking lot at 1200, route de l’Église and build the future hub there. of Sainte Foy.

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This is what we can read in a decision-making summary of the executive committee published late Monday morning.

This document concerns the parking lot located at 1200, route de l’Église (Édifice Louis-Philippe-Pigeon), behind the Canadian Tire, in the quadrilateral formed by route de l’Église and boulevards Laurier and Hochelaga.

The agreement was concluded between the Municipality and Industrielle Alliance, owner of the lots concerned.

The building on Church Road is occupied by the 1,200 employees of the Société québécoise des Infrastructures (SQI).

Underground parking

Of the cost of $37 million, the lion’s share (approximately $28 million) will be disbursed by the City to allow the construction – on the same site – of an underground parking lot (“the only solution”, according to the City) of 342 spaces which should replace the current surface parking lot used by SQI employees.

The City is also paying $7.5 million in property compensation and $1.7 million for various easements.

That said, the sums at stake could well be higher than the $37 million disclosed in the decision-making summary.

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“The portion of the consideration that the City must disburse for the construction of the parking lot may be revised upwards due to the excess costs reasonably incurred by the seller for the construction of the parking lot resulting from a force majeure, an unforeseen increase in the cost of materials or cost of labor,” it reads.

The Sainte-Foy interchange hub will be the largest of the five interchange hubs planned as part of the tramway megaproject.

It must serve 24,500 users daily, including Lévisians, since this hub will be the terminus for buses from Lévis.

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