Item - 2017.PA3.2
Tracking Status
- This item was considered by Toronto Parking Authority on September 18, 2017 and was adopted without amendment.
PA3.2 - Rate Review 2017 - Off-Street Municipal Parking Facilities
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Board Decision
The Board of Directors of the Toronto Parking Authority:
1. Approved the parking rate adjustments, in the amounts and at the parking facilities identified, as set out in Attachment 1: Proposed Rate Changes and Justifications - 'AC' Controlled Facilities and 'AU'’ Uncontrolled Facilities, to the report (August 31, 2017) from the Acting President, Toronto Parking Authority.
2. Directed the appropriate Staff to implement the rate changes for: Controlled Facilities commencing Monday, October 16, 2017; Uncontrolled facilities commencing Monday, November 6, 2017, and Monthly Rate changes effective November 1, 2017.
Origin
Summary
The Toronto Parking Authority (TPA) reviews the parking rates at all of its off-street municipal "Green P" parking facilities annually, and at specific facilities experiencing atypical conditions on a more frequent basis as may be necessary. In delivering its mandate to serve short-stay parking demand (less than 3 hours duration) as a key support in maintaining the vitality of Toronto's neighbourhood retail/commercial sector, as well as playing an integral role in the City's transportation systems and infrastructure, the establishment of appropriate parking rate structures represents a critical policy tool in effectively managing use, serving the target market, fairly allocating and encouraging turnover of this municipal resource.
This report presents the results of the 2017 parking rate review and seeks the approval of the Toronto Parking Authority Board for adjustments to the rates where appropriate at the off-street municipal parking facilities recommended in Attachment 1: Proposed Rate Changes and Justifications - 'AC' Controlled Facilities and 'AU' Uncontrolled Facilities. Adjustments in rates, ranging from half-hourly, daily/evening maximums, event and/or monthly, are proposed at a total of 123 "Green P" facilities. In addition, parking rates are established at several facilities soon to be opening or reopening.
Background Information
https://www.toronto.ca/legdocs/mmis/2017/pa/bgrd/backgroundfile-106509.pdf
Attachment 1 - Proposed Rate Changes and Justifications
https://www.toronto.ca/legdocs/mmis/2017/pa/bgrd/backgroundfile-106510.pdf
Attachment 2 - Toronto Parking Authority Policy Resolution 2-1 - "Parking Rates- Off-Street Facilities"
https://www.toronto.ca/legdocs/mmis/2017/pa/bgrd/backgroundfile-106520.pdf
Attachment 3 - Competitor Rates' Analysis
https://www.toronto.ca/legdocs/mmis/2017/pa/bgrd/backgroundfile-106521.pdf
Attachment 4 - Analysis of Other Local Conditions and Prices of Other Cities
https://www.toronto.ca/legdocs/mmis/2017/pa/bgrd/backgroundfile-106522.pdf