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TTC is thinking big when it comes to its stations

Commissioners are looking at redevelopment opportunities

Dec. 27, 2006

The Toronto Transit Commission will be thinking big - big towers, to be precise - when it comes to dealing with property it owns around subway stations over the next term.

Commissioners decided, at their first meeting earlier in December, to create a special subcommittee just to look at redevelopment opportunities at stations across the system.

“This is a high priority for the commission as part of our contribution to city building,” said TTC Chair Adam Giambrone. “It also matches our desire to realize potential revenue streams, not just in terms of sales, but also ridership growth. We want to see this happen and happen a lot quicker.”

The commission is looking at redeveloping lands around several key stations already. The Victoria Park station, which is undergoing a $26-million face-lift, could see the current commuter parking lot sold off for high-density development, and the TTC is looking at intensification in the west end too, around the Islington and Kipling stations with SNC Lavalin establishing offices there.

But there are other projects too: the Lansdowne bus barns in the west end of old Toronto; lands around the Sheppard station in North York; and parking at the Warden station in Scarborough, where the commission is looking at moving parking into the nearby Hydro corridor.

“There’s a lot out there,” said Giambrone. “We’re going to look at the portfolio and try to identify new opportunities.”