Canada Lands Company Limited (CLCL) is an arms length, self-financing Crown corporation reporting to Parliament through the Honourable John Baird, Leader of the Government in the House of Commons. The principal goal of the company's current policy mandate as determined by Cabinet is:
"to ensure the commercially oriented, orderly disposition of surplus properties with optimal value to the Canadian taxpayer and the holding of certain properties."
The Company is the parent of three wholly owned, active subsidiaries: Canada Lands Company CLC Limited, Old Port of Montreal Inc., and Parc Downsview Park Inc. The latter two companies report directly to Parliament, rather than through CLCL.
The Company has a real estate portfolio totalling approximately 2,400 acres (953 hectares) in municipalities across Canada.
The initial portfolio included many properties formerly controlled by the Canadian National Railway Company (CNR), which was privatized in 1995. This portfolio subsequently increased in size as Canada’s Department of National Defence (DND) began streamlining its inventory of military bases, after the lessening of military tensions that followed the end of the Cold War. CLC purchased several former DND bases that became available following this streamlining, and is currently working to redevelop them.
In addition to its real estate development activities across Canada, CLC owns and manages the CN Tower in Toronto.
Mark B Laroche is the President and Chief Executive Officer. He earned a master's degree in business administration from Concordia University, and a civil engineering bachelor's degree from the Royal Military College of Canada.
Famous quotes containing the words canada, lands and/or company:
“This universal exhibition in Canada of the tools and sinews of war reminded me of the keeper of a menagerie showing his animals’ claws. It was the English leopard showing his claws.”
—Henry David Thoreau (1817–1862)
“When I think of our lands I think of the house
And the table that holds a platter of pears,
Vermilion smeared over green, arranged for show.”
—Wallace Stevens (1879–1955)
“The old idea that the joke was not good enough for the company has been superseded by the new aristocratic idea that the company was not worthy of the joke. They have introduced an almost insane individualism into that one form of intercourse which is specially and uproariously communal. They have made even levities into secrets. They have made laughter lonelier than tears.”
—Gilbert Keith Chesterton (1874–1936)