Metro mayors to hike transit fares, property taxes to pay for transit projects

Next phase includes Broadway subway, Surrey LRT and replacement of the Pattullo Bridge

Metro Vancouver mayors and the provincial government have announced how they plan to pay for the second phase of the region’s 10-year transit and transportation plan.

The mayors are going to come up with their share of the $70-billion price tag through increases to parking, transit fares and property taxes.

“This is the kind of investment that every corner of the region will benefit from and with service that is extremely cost effective,” mayors’ council chair Derek Corrigan said Friday.

Big ticket items in Phase Two include the nearly $1.98-billion Broadway subway line in Vancouver and Surrey light-rail, along with the replacement of the Pattullo Bridge.

READ MORE: New Pattullo Bridge expected to open in 2023

“Phase Two plan, together with Phase One plan we announced a little over a year ago, will add 900,000 more hours of bus service per year to our already extensive bus network,” Corrigan added.

“We’re adding almost as much bus service as delivered in total by BC Transit in the rest of the province.”

Daily life to get a little more expensive

The mayors’ council anticipates that $1.6 billion will come from existing fare revenues because of a trend of higher ridership.

That will be complemented with a two-per-cent hike to fares over two years starting in 2020, or about five to 15 cents more for adult and concession transit fares and 1 to 3 dollars more for monthly passes.

Parking at TransLink-operated lots, such as park and ride lots, will go up by about 24 per cent, or about 15 cents more per hour for an average $5-per-hour parking spot.

Beginning in 2019, property taxes will also increase by about $5.50 per average household.

New residential developments could also see a $300- to $600-per-unit increase in development cost charges, depending on the type of dwelling – a step approved by the mayors’ council in December.

Province, feds to fund other 80 per cent

The B.C. NDP government is continuing the previous government’s commitment to fund 40 per cent of the plan, while Ottawa committed in its 2017 to fund the other 40 per cent.

READ MORE: $2.2 billion committed by feds for Metro Vancouver transit

Minister responsible for TransLink Selina Robinson said new legislation will be passed to allow the mayors’ council and TransLink to access the new funding channels.

“At the same time, we’ve also committed to reducing TransLink’s fiscal pressures by $30 million, which will help the region get vital transportation projects underway as soon as possible,” she told reporters.

The timeline for exactly when construction will begin has yet to be confirmed.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

FOCUS: Federal election campaign heating up in Surrey

Lazy days of summer interrupted by knocks on residents’ doors by incumbents, would-be MPs in pursuit of votes

Surrey survey details new sports stadium planned at Bear Creek Park

The proposed facility ‘will upgrade an existing track and sports field to international standards’

South Surrey girl aims to make waves for ocean change, one ripple at a time

‘I know I can make a difference,’ says Shelby Hack

Snowbirds to perform at Boundary Bay Airshow

The nine-aircraft team and a CF-18 Hornet will be practicing over Delta beginning Friday (July 19)

OUR VIEW: Denying delegations is not what Surrey council was elected to do

To be an elected official is to be a servant, not a censor

VIDEO: Bloodhounds join the search for missing Chilliwack woman with dementia

Petsearchers Canada arrive in town Monday afternoon to help out

Nine kittens and cats rescued after being locked in bins in northern B.C.: SPCA

SPCA says cats were starving, and matted with feces and urine

Woman grabbed, followed on trail near SFU campus: Burnaby RCMP

The woman told police a man was following and tried to talk to her

ICBC insurance renewals get more complicated this year

Crash history, driver risk prompt more reporting requirements

High-speed rail link would run from Vancouver to Seattle in under 1 hour: study

Annual ridership is projected to exceed three million

B.C. man dies from rabies after contact with Vancouver Island bat

Last known case of human rabies in B.C. was 16 years ago

U.S. tug firm to be sentenced for 2016 spill in B.C. First Nation’s territory

The Nathan E. Stewart spilled 110,000 litres of diesel and heavy oils in October 2016

Asylum figures show overall slower rate of irregular crossings into Canada

Between January and June 2019, a total of 6,707 asylum seekers crossed irregularly into Canada

Youth seen with gun at Nanaimo mall, suspect now in custody

Woodgrove Centre shut down during police incident

Most Read

l -->