@HousingNowTO may wish to make note of the TPA's proposed parking rate changes and the perverse effects they have on a housing program for Toronto.
At the Oct 22nd Board Mtg, TPA had before it, the following proposed rate changes in 2025:
For On-Street (Pay and Display) Parking
Lets stop for a moment and note the whopping .25c increase
Then lets consult the TPA's own report comparing its rate structure to other cities:
So we're under-charging dramatically, and proposed to do squat-all about it!
This leads to artificially high demand for parking, it makes it more challenging to remove spaces for CafeTO, for exclusive Transit Lanes or Road diets..........
But it also does some other things......
The artificially low price of on-street parking forces down the rates of the off-street facilities.
So let me get this right.........because we forego revenue with artificially low on-street parking rates, we have to lower the price at some off-street lots too?
That in turn has other curious effects.........for instance.....if you want to repurpose a low financial performing Green P lot that actually has high demand (but low prices), you get a conundrum. Opposition to the loss of spaces; but also
a financial performance so poor that you can't justify a new underground lot under a new housing development.
In many ways, its easier to redevelop a high-performing lot, because you can justify replacing the spaces; where you cannot for a low-performing lot.
But many lots a low performers, expressly because Green P under prices on-street parking........
Its a viscous circle and self-inflicted wound.
Contributing to this is the failure to charge for parking on more side streets in high demand areas, which would also drive better revenue from on-street and off-street lots and change the pro-formas to allow for underground parking.
Sigh!