The terminal first opened on January 4, 2021, replacing the former MiWay bus connection to the Line 2 Bloor–Danforth subway at Islington station.

The memorandum was never signed, but the concept of a regional bus terminal at Kipling station remained.

In May 2016, a new memorandum of understanding was signed for the construction of the terminal on top of an existing commuter parking lot.

[3] This was followed by a request for proposal on April 3, 2017; on March 22, 2018, EllisDon Infrastructure Transit was awarded the CA$73 million contract to design, build, and finance the terminal.

[6] The regional terminal was kept outside of TTC's Kipling station fare-paid area as free or discounted card transfers need to be recorded for the province to reimburse local transit agencies, as well as for enforcing payment of double fares for customers ineligible to receive free or discounted transfers with other transit agencies.