Toronto Parking Authority tried to sell public land in pricey midtown area to condo developer
CBC
The agency that oversees parking in Toronto tried to sell a piece of prime midtown property to a condo developer without city permission — even though staff had identified the land as a good spot for a much-needed neighbourhood park, CBC News has learned.
The land sale agreement involving the Toronto Parking Authority (TPA) would have seen the Green P lot on Castlefield Avenue, a few blocks north of Yonge Street and Eglinton Avenue, transformed into a block-long condo tower, but councillors found out about the deal in June of 2018 and put a stop to it.
The city solicitor asked council last week to keep the deal a secret. But CBC News pieced together the timeline and the details of the agreement and its aftermath by speaking with the area city councillor and then reviewing legal and real estate records for the property. The city, the TPA and the developer all declined to go on the record for this story.
"It was quite astonishing," Coun. Mike Colle, who represents the neighbourhood, told CBC Toronto. "The TPA obviously did not do something that was kosher. [It was] very disturbing ... I'm glad that we were able to get the park back."
The agreement led to several years of legal wrangling and negotiations. Last week, after three years of efforts behind the scenes and a lawsuit, city council voted to take the city solicitor's advice and keep the details of a settlement it reached with the developer confidential, citing the potential for further litigation over the botched TPA deal.
The TPA doesn't own the land that it manages. Instead, it oversees it on behalf of the city. According to city documents, the TPA didn't have the necessary permission from council when it agreed to sell the land in 2016,
Although the Castlefield sale had not yet been finalized with the developer, Madison Group, the original agreement was still in place in June of 2018, about a month after city staff identified the four-hectare lot as a good spot for a neighbourhood park.
And as far back as 2014, commercial parking lots in the neighbourhood had been identified by city staff as potential new parks.
It wasn't until its June, 2018 meeting that council instructed city staff to try to nix the sale.
That decision led to a lawsuit about two months later by Madison Group against the city for breaking the original agreement.
That lawsuit dragged on for two years, during which the city could have been developing the new Castlefield park, according to Colle, who has championed that effort.
"The area's being flooded with wall-to-wall condos," Colle said. "We need more green space, parks, desperately."
City staff have written in the past that residents of the Yonge-Eglinton neighbourhood are among the most starved for green space in the city, with fewer than 43 hectares — or less than half a football field — of parkland per 1,000 people.
The lawsuit was finally settled in September of 2020, when the city and Madison agreed to swap parcels of land, each worth about $1 million.
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