Implement Employee Parking Cash Out Program
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Description
- Encourages employers to provide employees with a choice to keep a parking space at work, or to accept a cash payment or other reward and in exchange for giving up a designated parking space and committing to choosing a sustainable mode of travel.
- Effective at managing a limited amount of parking supply and does not force employees to stop driving or give up free parking, but those who do are rewarded financially.
Guidance
Option 1:
- Working with a local transportation management association (e.g. Smart Commute North Toronto-Vaughan), the applicant can establish an Employee Parking Cash-Out program where options for compensation, funded by employers, can include:
- Transit subsidy of at least $30 per month.
- Carpool/Vanpool subsidy of at least $30 per month.
- Cash-in-lieu of free parking worth at least $30 per month.
- Incentives such as vacation time.
- Shuttles from transit stations, either employer-provided or through a local TMA or similar service provider.
Option 2:
- N/A
Development Review
- The applicant shall submit a conceptual cash-out program memorandum describing the program implementation as a condition of the applicable development agreement and/or through a letter of credit.
- City of Vaughan staff shall review the memorandum and provide a recommendation for either approval or modifications to meet City requirements.
Monitoring and Reporting
- Submit completed monitoring survey results to the City of Vaughan at the required intervals, highlighting number of cash-out program participants.
York Region Required
No
Category
Parking
Character Areas
VMC
Group 1
Land Uses
Commercial
Institutional
Effectiveness
3
Typical Cost
High
Points
2
Additional Resources
Development Engineering