The Toronto Parking Authority (TPA), which manages all Green P parking in Toronto, is proposing price increases for on and off-street parking rates that is expected to come into effect by year’s end.
Depending on the location, the proposal will see a hike of between 25 or 50 cents per hour at Green P lots.
Meanwhile, on-street parking will also see a boost with current hourly rates of $4 going up to $5, $3 to $4 and $2.25 to $3.
Get breaking National news
READ MORE: Green P app becomes available for on-street parking in Toronto
The hourly on-street rate of $2 will remain the same while the bottom two tiers of $1.50 and $1 will be grouped into the $1 price.
The proposed on-street rate adjustments will be submitted to the Government Management Committee on Sept. 25. Council will then consider the changes at its meeting on Oct. 2.
- Osoyoos Band seeks return of sacred sites in discussions with B.C. government
- Record turnout expected for Penticton Peach Classic Triathlon, boosting local economy
- Mom and 1-month-old baby missing in northern B.C., not seen since July 9
- Hoekstra says Trump serious about tariff threat over wildfire smoke
If approved, the changes will come into effect starting this fall and continuing in the spring of 2018.
READ MORE: Toronto’s towing ‘crackdown’ wasn’t much of a crackdown, stats show
The off-street price hikes will be considered by the TPA’s Board of Directors on Sept. 18.
The parking authority says the rate increases will generate between $3 million to $3.5 million in additional total annual parking revenue.
Comments
Want to discuss? Please read our Commenting Policy first.