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Probably to appease businesses that are losing on-street parking. Regardless, this is probably in the city's best interests. Buy the land now while it's cheap. Develop it later when needed - make it a park, affordable housing, or sell it off to a developer for profit.

TPA had $15 million budgeted for parking facilities along the route. Latest info I could find says that the $15 million was cut from the budget though:

Removal of Projects ($89.600 million) – A number of projects have been removed from the 10-Year Capital Plan as there are currently no project plans or viable locations for them to proceed. These projects may be reconsidered in future year Budget processes. Significant projects that have been removed include:
 Yonge & Bloor Provision ($21.000 million) - this provisional project had previously been planned as a placeholder for any parking opportunities in the Yonge & Bloor area. No suitable locations have been identified for this project.
 Distillery / West Donlands ($20.000 million) for new parking options in the Distillery / West Donlands area. The project is not currently viable.
 Metropolitan Church ($15.000 million) for parking at Queen Street East / Bond Street. This project has been cancelled.
 Smart Track ($15.000 million) previously entered as a placeholder for potential parking opportunities at SmartTrack locations but is not currently feasible
 Eglinton Crosstown ($15.000 million) previously entered as provisional funding for parking facility opportunities along Eglinton Avenue.
 
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If the TPA wants to build parking along the route they should be trying to replicate Bloor by constructing it behind the mixed use commercial properties - they should be buying up houses immediately off the corridor and building there. Wasting prime Eglinton frontage for a small amount of parking is a folly.
 
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innsertnamehere said:
If the TRCA wants to build parking along the route they should be trying to replicate Bloor by constructing it behind the mixed use commercial properties - they should be buying up houses immediately off the corridor and building there. Wasting prime Eglinton frontage for a small amount of parking is a folly.
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That sounds like a way better idea. In Bloor West Village, the parking is done in the way you described where's it's almost hidden behind the business fronting Bloor. Had they chose to do the same thing here, the automobile gods and transit users both would have won
 
innsertnamehere said:
If the TPA wants to build parking along the route they should be trying to replicate Bloor by constructing it behind the mixed use commercial properties - they should be buying up houses immediately off the corridor and building there. Wasting prime Eglinton frontage for a small amount of parking is a folly.
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This is EXACTLY what the city should be doing as a whole. They should, where possible, take all on-street parking and place it at the immediate rear of businesses. This would allow them to clear the streets of parking and allow for wider sidewalks, bike lanes, etc..

As you've mentioned already, this has already been done on part of Bloor St; however it can also be seen on parts of Queen St, and Lake Shore Blvd W. Obviously this would be a very expensive undertaking and bold undertaking, which is exactly why it will never be done. If our city was forward-thinking then i'd be optimistic.
 
TransitBart said:
What about driving and then catching Line 5 or Barrie?
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It's all $$$. Parking = $$$ for the government. When the land rises in price, they can sell it for more $$$. It's a pretty good deal for them while pissing off everyone.

If they make $500 a day, they'll make over a million a year. Property tax doesn't even come close. Cost of maintaining a parking lot is pretty low.
 
Steve X said:
It's all $$$. Parking = $$$ for the government. When the land rises in price, they can sell it for more $$$. It's a pretty good deal for them while pissing off everyone.

If they make $500 a day, they'll make over a million a year. Property tax doesn't even come close. Cost of maintaining a parking lot is pretty low.
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Acquisition of old properties, parking maintenance (it's a lot higher than you think), cost of construction, etc would probably require that the parking lot be open for 30-50 years before it's ever paid off.
 
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