Meridian Development buys STC bus depot in Saskatoon
Saskatoon’s Saskatchewan Transportation Company (STC) bus depot has a new owner.
Meridian Development has purchased the shuttered depot along 23rd Street East.
The building has attractive architecture and is situated in a trendy, up-and-coming area, according to Colleen Wilson, co-owner of the development company.
Meridian plans to re-purpose the space.
The company did not disclose the financial details, but the City of Saskatoon most recently assessed the property’s value at $4.3 million.
The provincial government announced during the release of its 2017-18 budget that the Crown bus company would be wound up. STC vehicular operations ended on May 31.
© 2017 Global News, a division of Corus Entertainment Inc.