The City of Vancouver has agreed to purchase the Arbutus Corridor from Canadian Pacific Railway for $55 million to make way for a future public greenway. According to a report by CBC, this ends a long-standing dispute between the city and CP Rail over the worth of the nine kilometer stretch of land, which hasn't been used for nearly 15 years.
The corridor runs through high-end residential areas on the city's west side, from False Creek near Downtown Vancouver to Marpole. It will be designed as a greenway for bicyclists and pedestrians, as well as a tourist destination and possible host to a light passenger rail.