GO train riders may soon have to pay for parking at GO stations, as the provincial transit agency, Metrolinx, considers a new revenue stream.
Parking at most GO lots is free on a first-come, first-serve basis, but that could change as Metrolinx is considering charging for spots to raise money to fund transit expansion in the Greater Toronto and Hamilton Area (GTHA), according to a report in the Toronto Star.
Some GO customers already pay $80 a month to rent a spot at 11 stations, which represents only a fraction of available spaces.
The idea was reportedly floated at a Metrolinx meeting on Thursday night. There’s no word on how much the agency could charge or exactly how much money the initiative — if adopted — would raise.
The TTC collects $10-million a year from 13,000 parking spots, which means GO with its 65,000 parking spots could technically collect $50-million just in parking fees.