All new buildings already pay Development Fees ( and Education levies and Parks Levies) - See: http://www1.toronto.ca/wps/portal/c...nnel=6c661ba53b450410VgnVCM10000071d60f89RCRDWe need to get more innovative in funding besides straight taxation and fare prices.
Every condo built in Toronto should have been required to fund transit construction (not ops or maintenance), for example. A per sq.ft. fee on top of whatever fees the city charges now.
What you are proposing is simply to increase these, yes?