To what extent should the City of Toronto government subsidize parking? “I’m now chair of the Toronto Parking Authority, I can tell you that we price parking below market,” he said. Wallace, quite reasonably, pointed at the difference between transit and parking pricing strategies as an example of talk not matching action in city policies. Even in reporting on those recent price increases, media outlets reported TPA staff saying rates would still be “at or below” those of privately-owned parking lots. Traditionally, Green P lots have pursued an explicit policy of setting rates at 75 per cent of any nearby competitors.

Source: thestar October 31, 2017 20:26 UTC