A wise old man once told me that you can judge the prosperity of a city by noting at which floor downtown the for rent signs appear. Toronto now has many many empty stores starting at ground level on main streets. Toronto is in trouble.
Why? This city is now below stall speed. It stopped climbing a few years ago. Remember that private sector dollars coming downtown are the fuel that turns the propeller and puts air under the wings.
What has dammed up the private flows of dollars to downtown? What impedes the flows of private dollars even among those who are already in the downtown?
1. Traffic - You have taken broad and efficient 4 lane streets that those before us invested $billions to build and turned them into traffic-choked 2 lane and even one lane streets with bike lanes and flower pots. Did you ever see a bike rider with a big load of merchandise they just bought downtown? Do people go out for expensive dinners on bikes, subways, trolleys, or busses? The bike lanes are 99% unused while drivers who can spend money either decide to stay home or stay in the suburbs. On a recent trip it was easier to buy a computer power cord at Markville Mall than downtown. Just about every parking spot was taken at the mall by prosperous looking spenders.
You should think of Toronto as a frequently clogged north-south east-west criss-cross of streets. Planners don't seem to think about how many of those streets can be blocked before people just say the hell with it - you can't get there from here. King St is ruined for east-west travel by the right turn rules. Bloor St is ruined by the loss of 2 lanes. Eglington is a mess from construction.The DVP and QEW are not dependable if you need to be somewhere at a specific time. For north-south travel I use Avenue Rd and Bayview. You can't really travel east-west efficiently until you are north of the city. Bayview to Warden and Highway 7 can work when the big theoretically faster highways are paralyzed. Avenue Rd to Finch can work. But I am describing the flow of money draining away from the city and its needs.
2. Crime and Safety - I previously spent a lot of money in bars and restaurants each trip. This city downtown is not safe. Attacks and car thefts are far too frequent. This is good for cabbies and Uber drivers but bad for pedestrians. It is never recommended to have a few drinks and drive yourself back to your condo or hotel. If you were an outcall escort you would take care late at night that the pickup driver is close by. You are much more likely to meet a criminal late at night on a sidewalk than a Toronto policeman. Where are the police that used to be a frequent sight on foot and on horseback?
3. Taxes Too High Now - Raising Hotel, Sales Taxes, and Parking Fees Will Make Things Worse - I love this place but you need more hotels and guarded parking - not less. Raising taxes on something to get more of it is counterintuitive.
4. Effects on Both Hobbyists and Average Folks - I don't want to walk to a downtown incall with a big wad of cash in my pocket. I drive to a safe suburb for that. That is why so many incalls are in the suburbs. And that is why I stay in a familiar condo near Yorkville with private in-building parking for easy egress out of the city. I drive here in a cheap rental car - not one of my good cars. The suburbs still do not have the best hotels. Make life more difficult and more expensive for tourists, foreign investors, and drivers and wonder why there are empty store fronts for rent all over downtown. Private cash inflows and investments can fuel a rebirth of this city. More taxes, regulations, red light cameras, bike lanes, cement flower pots, festivals for fringe groups, and orange cones will not reverse this stall and spiral downward. I love this town and the people who live here. Private spending, return of broad efficient streets, good transit and sidewalk policing, and basic rule of law can fix this city - not more taxes, regulations, fines, early release of repeat criminals, red light cameras, and taxpayer subsidies.