Tuesday, January 19, 2010

Toronto Parking Authority

Source: The National Post
The city's wholly owned parking operations generate about $55-million in profit every year. The blue-ribbon panel provided estimates, still considered accurate, that say anywhere from $200-million to $500-million could be made if the operating contract was monetized over a period of time. There are also 150 parking lots, such as the City Hall garage or the Dundas Square garage, that could be sold. President Gwyn Thomas said the TPA and the city have not had much discussion about any sales.

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