You may have to start shelling out more money to park in certain areas of the city in the very near future.
The Toronto Parking Authority wants council to approve higher hourly parking fees for pay-and-display for on-street spots, a move which could generate $1.5 million annually.
It’s estimated implementing the changes could cost roughly $100, 000, but the increases “would address the high demand for parking with the increasing commercial activity west of the downtown core.”
Increases range anywhere from .25 cents to $1 and would affect areas including Dundas Street West and College Street West from Spadina Avenue to Bathurst Street, St. Clair Avenue West between Yonge Street and Avenue Road, the Uptown Yonge Street Corridor from an area north of Merton Street to south of Deloraine Road, Ossington Avenue between Dundas Street West and Queen Street West and the Chinatown-Kensington Area, south of the University of Toronto.
The report from the Toronto Parking Authority will be considered by the government management committee, before it heads to City Council.