I recently heard that the cost of a single parking spot on GO's system (between lighting, snow clearing, enforcement, maintainence and capital costs - land and construction) is approximately $9/day. GO would only break even if it charged that amount to drivers. I don't know if that figure includes weekends or not though.
When I heard that, I was flabergasted. A large portion of GO fares go only to parking lot maintenance. A huge portion of their capital expentitures are in parking lot/garage construction and land acquisition for parking lots.
This comes with mixed feelings. GO passengers who walk, bike or get dropped off indirectly subsidize car-driving customers. At least passengers arriving by local transit get a partial cross-subsidy (about $3-$4 off the daily bus ticket rate). But GO wouldn't be building those lots unless there was a demand for them. After all, GO's original purpose was to mitigate the need for highway construction, and it serves this purpose even with all that parking.
I wonder if, after the initial capital cost of construction, the per space maintenance rate is lower for parking structure spaces or surface parking spaces. I can see advantages and disadvantages to each from a maintenance POV.
In any case, I still feel that GO should be building their new parking structures with retail on the ground floor (Sobey's, LCBO, Future Shop, etc), with the parking stacked above it. Convenient for the passengers coming home from work, and that way GO at least gets some rent revenue from the space occupied by those parking structures.
Some sort of fare restructuring, such as reduced off-peak and weekend fares, would be a great idea, considering that they have less need for parking, and easy to do now with Presto. I still think a fare decrease coupled with mandatory paid parking should be looked at, though it has some drawbacks for GO's model.
I agree completely (and I posted such on the previous page, haha).
I also think the parking fare collection should be digital (like the 407), and that Presto should be expanded to include a license plate field. How it would work is when a person entered the parking lot, their license plate would be scanned, and matched against the Presto database. Either way, the metre would start running. Upon exiting, their plate would be scanned again and they would be charged an amount depending on a) length of time parked, b) whether or not they have registered their plate with Presto. Yes to B would mean a slightly reduced per hour rate.
This would only be charged on weekdays between say 6am and 6pm.
PS: This setup would tie in wonderfully when tolls are introduced. Your Presto account becomes not only your transit pass, but your GTHA transportation card for everything. Transit fares, GO parking, and road tolls are all paid through the same account.