CLC confirms CN Tower Naming Rights Not for Sale

TORONTO, March 23 /CNW/ - In response to a press release issued March 23, 2010 claiming a bid will be made next week to purchase the naming rights to Canada's National Tower, the management of Canada Lands Company, a federal Crown corporation and owner/operator of the CN Tower, wishes to confirm:

    
    -  The CN Tower's naming rights are not currently for sale;
    -  Canada Lands Company has not tendered any requests for bids for naming
       rights to the CN Tower and is not considering any such initiative at
       this time; and
    -  Neither the CN Tower nor any other part of Canada Lands Company has
       been approached by this company.
    

Canada Lands Company is an arm's length, self-financing Crown corporation, which optimizes the financial and community value from strategic properties no longer required for program purposes by the Government of Canada. It purchases properties at fair market value, then retains and manages, or improves and sells them, to produce the best possible benefit for both local communities and the company's sole shareholder, the Government of Canada.

Defining the Toronto skyline at 553.33m (1,815ft5in) and the world's tallest for over three decades, Canada's National Tower is a landmark icon representing Toronto, Ontario and Canada. The CN Tower is a celebrated architectural triumph, engineering Wonder of the Modern World, world-class entertainment and dining destination, and a Toronto must-see.

For further information: Gordon McIvor, Vice President, Strategic Acquisitions, Public and Government Affairs, Canada Lands Company, [phone] or [email protected], www.clc.ca, www.cntower.ca