As for 141 Bay Street — the old Union Station Bus Terminal's address — it will become home to the (yet-to-be-built) northern tower of CIBC's multi-phased commercial development. Eventually.

The new terminal is dwarfed by its behemoth parking structure. There are more than 12,000 parking spaces -- the GTAA trumpets that this is the largest indoor parking facility in all of North America.

Unveiled yesterday, the new terminal more than eclipses its outdated 40-year-old predecessor and the old Terminal 2, which was converted from a cargo building in the 1970s, Mr. Turpen said.

The terminal Shmeling helped build grew from having only two flights to two U.S. airports, to serving 1 million U.S.-bound passengers last year. It’s a level of traffic the old terminal was ...