The CN Tower is a 553.3 m-high (1,815.3 ft) communications and observation tower in Toronto, Ontario, Canada. Completed in 1976, it is located in downtown Toronto, built on the former Railway Lands. Its name "CN" referred to Canadian National, the railway company that built the tower. Following the railway's decision to divest non-core freight railway assets prior to the company's privatization in 1995, it transferred the tower to the Canada Lands Company, a federal Crown corporation responsible for the government's real estate portfolio.