Parking rates could be going up across the region.
TransLink may increase its parking taxes across Metro Vancouver after the BC NDP provincial government introduced new legislation this week.
The tax will be hiked by 3%. It’ll go from 21% to 24% and is expected to collect $10 million annually for the province.
These extra taxes collected will ultimately help fund Phase Two of the $7.3-billion transit expansion plan.
If you are currently paying $5/hour for parking, the proposed increase is equivalent to 15 cents.
This new parking tax increase will help fund numerous TransLink projects, such as the Millennium Line Broadway Extension, the potential Surrey Newton-Guildford LRT, and various new B-Line rapid bus routes.
The Future Of The Surrey-LRT Project
Surrey’s new Mayor, Doug McCallum, has said from the very start that he does not support the LRT project.
The proposed LRT project is promoted to provide modern, street-level light rail transit along King George Boulevard and 104 Avenue. However, it would reduce road space for cars, among other notable issues.
Now there seems to be federal support for another transit option.
According to Fleetwood-Port Kells Liberal MP Ken Hardie, Justin Trudeau’s federal government is willing to fund a new Surrey SkyTrain extension. The proposed SkyTrain extension would run along the Fraser Highway.