Molson Coors to build new Montreal brewery

MONTREAL — A landmark tract of land at the edge of Old Montreal will undergo a transformation after Molson Coors announced plans to spend up to $500 million to build a new brewery instead of modernizing North America’s oldest brewery along the St. Lawrence River.

The brewer’s decision follows a two-year study.

The brewer has said it plans to maintain a microbrewery and store at the 231-year-old site near Old Montreal.

Landtmeters said building the new brewery will be more efficient than updating the existing operations.

The location of the new operation hasn’t yet been determined, but it is expected to remain in the Greater Montreal area.