Commuter Parking Opportunities for 777 Victoria Park Avenue

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The decision

2025-01-30 · CreateTO · amended

As filed

The Board of Directors of CreateTO: 1. Directed the Chief Executive Officer, CreateTO to collaborate with the Executive Director, Corporate Real Estate Management, in consultation with the President, Toronto Parking Authority, to: a. undertake a parking utilization study of 705 Warden Avenue to determine available capacity; b. undertake continued due diligence to further explore options for offsite paid Green P public parking facility as outlined in Confidential Attachment 1 to the report (November 21, 2024) from the Executive Director, Corporate Real Estate Management in Item 2024.PH17.9 ; and c.

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report to City Council in or before the fourth quarter of 2025 with results of the parking utilization study at 705 Warden Avenue and the due diligence analysis to establish a new off site Green P parking facility, including updated financial estimates, and recommend the most suitable commuter parking solution(s).

On the agenda

As the city filed it

City Council on December 17 and 18, 2024, adopted Item PH17.9 and, in so doing, has requested the Board of Directors of CreateTO to direct the Chief Executive Officer, CreateTO, and the Executive Director, Corporate Real Estate Management, in consultation with the President, Toronto Parking Authority, to: a. Undertake a parking utilization study of 705 Warden Avenue to determine available capacity; b. Undertake continued due diligence to further explore options for offsite paid Green P public parking facility as outlined in Confidential Attachment 1 to the report (November 21, 2024) from the Executive Director, Corporate Real Estate Management; and c.

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Report to City Council in or before the fourth quarter of 2025 with results of the parking utilization study at 705 Warden Avenue and the due diligence analysis to establish a new off site Green P parking facility, including updated financial estimates, and recommend the most suitable commuter parking solution(s).

On the record

The item as the City filed it

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