The CBC might sell its Toronto headquarters

In the midst of major budget cuts across its network, the CBC might sell its Toronto headquarters as a revenue-generating measure. The buiding dates back to the 1990s, a time when the CBC was in a far more prosperous position with thousands more employees.

According to the National Post, the CBC currently uses about a third of the building's space. If it sold its headquarters, the public broadcaster would ideally like to stay on as a tenant. Parts of the building have also become drab and dated, having not been updated since the building opened in 1992.

The main concern with the possible sale of the building is apparently employee morale, which has already taken a number of blows thanks to widespread layoffs and the Jian Ghomeshi scandal. Working in an already under-occupied building must not help staff feel cheery about the network's prospects.

A decision on the sale of the building isn't imminent. Any plans to put it on the market would have to be approved by the Treasury Board after consultants determine whether or not putting the headquarters on the market makes sense. What do you think? Should the CBC unload its Toronto centrepiece?

Photo by Grant D in the blogTO Flickr pool

by Derek Flack via blogTO