Kelly Cutrara

Less parking, more transit.  That's the message in a report released Thursday by the Toronto Region Board of Trade that says the city's parking authority should consider selling off some of its parking lots as a way to fund transit. The report, titled Unlocking Value: A Strategy to Finance Transit Expansion with Existing City Assets & Revenue, says parking lots and other city assets could generate up to $1 billion to go toward Toronto's pressing transit needs. Jan De Silva, President of the Toronto Region Board of Trade, joins the Afternoon Drive to discuss the reasonings for this new report.