Bloor-Yonge station is at the heart of the Toronto transit network, and represents one of the busiest stations in the entire system. It is one of three stations where Line 1 and Line 2 of the Toronto transit system intersect. The Toronto Transit Commission (TTC) has identified that, without significant work to improve station capacity, severe overcrowding and bottlenecks will occur, even more so once work is completed on the Yonge North Subway Extension over the next decade. In February 2020, Toronto City Council approved the TTC’s 2020-2029 Capital Budget, which includes $1.514 billion for this project. The project is still in the preliminary design phase, with completion targeted for Q4 2029.