Item - 2019.PA11.5

The Board of Directors of Toronto Parking Authority:

1.  Approved the parking rate adjustments in the amounts and at the parking facilities identified in Attachment 1 to the report (November 28, 2019) from the Acting President, Toronto Parking Authority, and directed the President, Toronto Parking Authority, to implement these rate changes as follows:

a.  Uncontrolled Facilities - Anticipated to commence in February 2020;

b.  Associated Monthly Rate Changes - Anticipated to commence on March 1, 2020; and

c.  New Uncontrolled Facility located at 229 Richmond Street West - Anticipated to commence in early January 2020.

As part of its mandate to provide short-term parking (those parking for less than three hours), Toronto Parking Authority (TPA) carries out a comprehensive annual review of the parking rates at all of its off-street parking facilities. Providing short-term parking supports Toronto's neighbourhood retail and commercial sector as well as the City's transportation network by discouraging commuter behaviour. Establishing the appropriate parking rate structure is key in allowing TPA to effectively manage use, serve the target market, and fairly allocate and encourage turnover of public parking spaces. 

This report details the 2019 parking rate review of TPA's uncontrolled off-street municipal parking facilities (Uncontrolled Facilities), also referred to as non-gated facilities, and seeks TPA Board approval for rate adjustments at these facilities as recommended in Attachment 1, Proposed Rate Changes and Justifications - Uncontrolled Facilities.

A new uncontrolled facility located at 229 Richmond Street West has also been included as it is expected that TPA will commence operations of this surface parking lot in early January 2020.  In total, there are 207 Uncontrolled Facilities under review, 139 of which have been identified by TPA for proposed rate adjustments ranging from half hour, daily/evening maximums, event, and/or monthly rate changes. 

A report containing proposed rates at the controlled (gated) TPA facilities was brought to the November 25, 2019 TPA Board meeting for approval.