1 week ago
Experts want to impose $15 tax on cars to even enter downtown Toronto
A recent memo published by a Toronto-based civic initiative suggests that Toronto should introduce a congestion charge of up to $15 for drivers entering the downtown core during peak hours as a way to reduce gridlock, shorten commute times, and generate funding for transit improvements.The proposal, put forward by Jamie McDonald, CEO of A2X, and supported by multiple local entrepreneurs and investors, was published on the Build Toronto website.The civic movement is the first city project of Build Canada, and publishes weekly memos, written by founders, civic leaders, and policy thinkers to raise awareness about “the policies and projects that can move Canada’s largest city forward." Common topics involve housing, governance, infrastructure, and economic competitiveness.In the memo, McDonald describes Toronto's gridlock as "among the worst in North America," and proposes congestion pricing as a way to reduce traffic substantially and reinvest ...
Economics
