The Toronto Parking Authority (TPA) exists to provide safe, attractive, self-sustaining, conveniently located and competitively priced off-street and on-street public parking as an integral component of Toronto’s transportation system. It also manages the Bike Share Program.

Budget Notes

Provide safe, attractive, self-sustaining, conveniently located and competitively priced on-street and off-street public parking as an integral part of the City of Toronto’s transportation system

View the Toronto Parking Authority Program Map in greater detail.

The Toronto Parking Authority (TPA) exists to provide safe, attractive, self-sustaining, conveniently located and competitively priced off-street and on-street public parking as an integral component of Toronto’s transportation system. It also manages the Bike Share Program.

2018 Budget Highlights

The total cost to deliver these services to Toronto residents is $99.662 million gross, which will bring in $166.2 million in revenue.

Moving into 2018, the Toronto Parking Authority was facing a net pressure of $8.191 million mainly due to inflationary cost increases, increases in the Bike Share system sub-contracting fees, and lower revenues from loss of parking spaces from competing road uses resulting from various City initiatives. The TPA was able to not only to fully offset these pressures through savings from lower municipal taxes, depreciation and other costs, increased parking usage and rate adjustments, and additional revenues generated through new meter locations and the opening of new car parks, but also achieved 4.9% higher net revenues compared to 2017 approved levels.

 

Fast Facts

  • 22,000 off-street parking spaces at about 250 facilities.
  • 19,000 on-street parking spaces.
  • Approximately 18,000 parking spaces operated for third parties, mainly for Toronto Transit Commission (TTC), Exhibition Place, Toronto Community Housing Corporation and Parks, Forestry and Recreation Program.
  • The Bike Share system fleet has approximately 2,750 bicycles using 270 stations throughout the City.

 

Trends

  • The TPA has seen increases in net income per space for both off-street and on-street parking through 2010 to 2013.
  • Since 2014, net income per space in both services is on a downward trend, as parking revenues are on decline, mainly due to on-going road construction activities and other road uses, as well as closures of certain carparks.
  • The continued utilization of new technologies coupled with change in hours of operations and parking rates is expected to return a greater income per parking space in 2017 and future years.

 

Key Service Deliverables for 2018

Toronto Parking Authority offers safe, attractive, clean, convenient, well-maintained, affordable off-street and on-street parking in support of the continued prosperity of the City’s communities.  TPA also provides convenient access to high quality well maintained bicycle rentals for urban cycling on a short term basis.

The 2018 Recommended Operating Budget will enable Toronto Parking Authority to:

  • Continue to manage an estimated 19,000 on-street spaces controlled by solar powered, environmentally friendly pay-and-display technology or single space meters.
  • Maintain approximately 22,000 off-street spaces, which include automated and partially automated lots/garages and 187 lots operated with the Green P app and Pay and Display machines.
  • Continue to operate, on behalf of the Toronto Transit Commission, roughly 10,000 spaces at their park-and-ride facilities and parking lots.
  • Continue to manage spaces for the Parks, Forestry and Recreation Program (2,000 spaces), Toronto Community Housing Corporation (1,200 spaces) and the Exhibition Place (4,800) as well as seasonal parking facilities along the waterfront and other areas in the City.
  • Manage the Toronto Bike Share Program which has 2,750 bicycles utilizing 270 stations throughout the City.

Our Key Issues & Priority Actions

  • Innovative and efficient expansion of services by keeping pace with new technologies to increase customer convenience and lower operating costs.
    • The 2018 Operating Budget continues to allocate funding for the development of a mobile phone payment program allowing for the use of cell phone/smart phone/tablet based technologies.
  • Decline in parking revenues due to on-going City wide road construction, various special events, loss of on-street spaces and closure of off-street carparks.
    • Toronto Parking Authority continues to collaborate with other City programs in order to minimize negative impact on both, on-street and off-street parking revenues through coordination and information sharing.
    • Satisfying short-term parking needs in an environment of increasing land and development costs
    • TPA is seeking all opportunities to land values through Joint Venture redevelopment with private and public sectors as a means of funding an increase in parking supply.

2018 Operating Budget Highlights

  • The 2018 Recommended Operating Budget for Toronto Parking Authority of $99.662 million in gross expenditures provides funding to:
    • Continue to manage, operate and maintain estimated 19,000 on-street parking spaces ($12.446 million), 37,000 off street parking spaces ($81.696 million) and the Bike Share Program ($5.520 million) with a fleet of 2,750 bicycles utilizing 270 stations.
    • Establish loyalty programs and develop other marketing initiatives ($0.105 million).
  • In addition to offsetting all of its 2018 operating budget pressures, Toronto Parking Authority achieved an increase in net revenues mainly due to the following :
    • Opening of new car parks ($0.8 million) and addition of new meter locations ($0.9 million).
    • A combination of a general increase in demand for parking in the downtown core area with increased prices in certain parking zones approved in 2017 ($8.734 million).

 

Toronto Parking Authority has stewardship over the City’s on-street and off-street parking spaces as well as the Bike Share Program. It manages an estimated 19,000 on-street parking spaces controlled by solar powered pay-and-display technology or single spaced meters. It also maintains approximately 22,000 off-street spaces in over 250 facilities, including 31 parking garages managed by the Toronto Parking Authority, as well as the Bike Share system with a fleet of approximately 2,750 bicycles and 270 docking stations. The total estimated replacement value of the Toronto Parking Authority assets is $670.0 million.

The 10-Year Recommended Capital Plan of $512.370 million, balances infrastructure renewal needs and service improvement projects to meet the forecasted increase in demand for off-street parking, while minimizing service interruptions and revenue losses. The Authority’s strategic priorities include continued improvements to customer service through innovative solutions, efficient expansion of services via joint partnership with the private sector, utilization of new technologies to reduce operating costs, and further Bike Share system expansion.

Where does the money go?

The 2018–2027 Recommended Capital Budget and Plan totalling $512.370 million provides funding for:

  • State of Good Repair (SOGR) projects of $69.077 million to maintain infrastructure within parking facilities in a state of good repair and prevent any future backlog, and
  • Service Improvement projects totaling $443.293 million for the expansion or re-development of over 60 off-street parking facilities.

 

Where does the money come from?

Over the 10 year capital planning horizon, the Authority continues to be 100% self-sustaining with no reliance on City debenture financing.

  • Current and future retained earnings represent the largest source of financing, reflecting 80.5% or $412.215 million of total funding.
  • Proceeds from the sale of air rights arising from 12 anticipated joint venture redevelopment projects will provide 14.3% or $73.355 million of the total funding.
  • Funding from the TPA specific capital expenditure reserve fund amounts to 1.9% or $9.8 million of total funding.
  • Anticipated Provincial and Federal Government funding for the expansion of the Bike Share Program represents 3.3% or $17.0 million of total funding.

 

State of Good Repair Backlog

The 10-Year Capital Plan includes $69.077 million to fund State of Good Repair projects. This funding is sufficient to maintain assets in a current state of good repair and prevent any future backlog.

 

Key Issues & Priority Actions

  • Short-Term Parking Shortfalls – The main challenge for the Toronto Parking Authority is to satisfy short-term parking needs given escalating land and development costs.
  • In order to maximize City land values, Toronto Parking Authority continues to actively pursue joint development opportunities with the private sector and other City Programs in line with the City-wide Real Estate strategy. The 2018-2027 Recommended Capital Budget and Plan includes 12 joint venture projects intended to expand service and intensify land use.
  • Competing Demands for On-Street Curb Space and Off-Street Parking Lots – Various City initiatives and transportation needs often result in a closure of carparks or loss of available on-street parking spaces.
  • The 10-Year Capital Plan allocates funding of $81.5 million for the replacement of on-street and off-street parking spaces that will be lost due to the implementation of the Bike Plan and other City initiatives.
  • Technology Advancements: Keeping pace with technology advancements in order to increase customer convenience and improve customer service experience, while lowering operating costs.
  • The 10-Year capital Plan allocates $3.505 million to continue the implementation of the Green P app payment solutions and a variety of other system upgrade projects.

 

2018 Capital Budget Highlights

The 2018 Recommended Capital Budget for Toronto Parking Authority of $57.241 million, excluding carry forward funding, will:

  • Continue to address ongoing state of good repair projects including structural maintenance and technical upgrades of on-street and off-street parking facilities ($14.988 million).
  • Deliver continued greening of carparks ($1.800 million).
  • Continue implementation of pay-and-display unit upgrades ($2.738 million), expansion of additional levels for Carpark 1 at 20 Charles Street ($1.5 million) and concrete repairs of Carpark 36 at City Hall ($2.0 million).
  • Begin development of several new carparks including 11 Wellesley Street East ($7.475 million), and Queen/Soho Carpark ($10.0 million).
  • Complete elevator upgrades at several carpark locations ($4.5 million).

Toronto City Budget 2018 rate supported budget infographic displaying the services that Toronto Parking Authority including, management of on-street parking spaces and the bike share program in Toronto
Toronto Parking Authority Infographic