Updated September 17, 2013 at 4:25pm:
According to earlier plans I had heard through Waterfront Toronto, Cherry Street Loop was not to be completed until after the Pan Am Games because the site is part of a parking lot for buses. Contrary to this story, the loop is under construction, albeit surrounded by a parking lot.
The now-inactive Cherry Street tower that once controlled the eastern approach to Union Station sits at the south end of the loop. In the left background, behind the trees, is the GO Don Yard.
The terrible irony about this, our possibly newest streetcar line, is that it won’t actually see service until Spring 2016, and the proposed extension under the railway to connect with a Queens Quay East line isn’t even in the current list of projects awaiting funding.