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TTC to pursue long-term lease for Yonge-York Mills headquarters

Move criticized

By Natalie Alcoba

The Toronto Transit Commission is preparing to move its headquarters to a yet-to-be constructed building at Yonge and York Mills.

Commissioners yesterday agreed to pursue a long-term lease after reviewing the cost of repairs at the commission’s current head office, and the amount of extra space it expects to need.

The plans have come under fire from mayoral candidate George Smitherman, who said the TTC should spend its time improving the conditions of stations, not office cubicles.

In a press release, TTC chairman Adam Giambrone said the move would only happen if it brings “cost savings and improved operational efficiencies.”

The proposed new building is a development by Build Toronto, which wants to turn a parking lot into a “green” eight-storey building.

The TTC says its current Davisville building needs $30-million in repairs, and the commission leases space in seven other buildings for about $8.6-million a year. The TTC would move to the new quarters in 2014, and turn its current headquarters over to Build Toronto “for future development opportunities.”