December 18, 2017 8:44 pm
Updated: December 19, 2017 6:57 am

Meridian Development buys STC bus depot in Saskatoon

Meridian Development has purchased the STC bus depot in Saskatoon.

Julien Founier / Global News

Saskatoon’s Saskatchewan Transportation Company (STC) bus depot has a new owner.

Meridian Development has purchased the shuttered depot along 23rd Street East.

READ MORE: Saskatchewan government sells STC assets to Hilco Industrial

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.

READ MORE: City council approves purchase of former STC bus depot for new RPS headquarters

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.

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