Retail is popping up at SkyTrain stations—it’s all part of TransLink’s innovative retail real estate program. This program is already generating about $500,000 per year in additional revenue, and we’re projecting, within five years, to double that figure to about $1 million annually!
How is TransLink doing this? As part of ongoing SkyTrain station upgrades along the Expo Line, TransLink is turning under-used spaces into coveted retail spaces. While revenue from the retail real estate program will not fund the system in its entirety, it is offsetting costs for our customers and providing them with added comfort and convenience.
Recently, we added our first 24-hour retailer at Main Street–Science World Station, an A&W restaurant. This creates a constant human presence at the station, which can put customers at ease and provide them with a safe place to go.
This is just the start for us. We’re continuing to explore new ways to include retail at stations as we continue upgrades along the Expo Line. One day, with technological advancements, you might even be able to pay at these retailers using your Compass Card!
Want to learn more? Check out these stories:
- CBC News: TransLink aims to nearly double retail space in 5 years
- Metro: TransLink plans more retail space in stations
- Business in Vancouver: TransLink seeks retailers to ramp up revenue
Author: Allen Tung