Item - 2019.PA2.4

The Board of Directors of the Toronto Parking Authority:

1.  Approved the parking rate adjustments for Carpark 11 (21 Pleasant Boulevard), Carpark 12 (30 Alvin Avenue), Carpark 26 (37 Queen Street East), Carpark 36 (110 Queen Street West, Nathan Phillips Square), Carpark 39 (20 Castlefield Avenue), Carpark 49 (30 Roehampton Avenue), Carpark 52 (40 York Street), and Carpark 68 (20 St. Andrew Street, Kensington), as outlined in Table 1 to the report (January 24, 2019) from the Acting President, Toronto Parking Authority.

2.  Directed Toronto Parking Authority staff to implement the rate changes by February 26, 2019.

As part of the City's 2019 budgeting process and to align with recommendations forthcoming to the Budget Committee and City Council, Toronto Parking Authority (TPA) staff examined the impact of potential rate changes at some of its high-usage off-street parking facilities. It was identified that additional revenue could be generated by increasing the half-hour rates at eight parking facilities, including:

- Carpark 11 - 21 Pleasant Boulevard
- Carpark 12 - 30 Alvin Avenue
- Carpark 26 - 37 Queen Street East
- Carpark 36 - 110 Queen Street West (Nathan Phillips Square)
- Carpark 39 - 20 Castlefield Avenue
- Carpark 49 - 30 Roehampton Avenue
- Carpark 52 - 40 York Street
- Carpark 68 - 20 St. Andrew Street (Kensington)  
 

This report details the proposed rate changes and seeks TPA Board approval for rate adjustments at the off-street parking facilities as detailed in Table 1: Proposed Half-Hour Rate Increases.