The Globe’s Adam Radwanski:
But multiples sources familiar with the talks said that, while no detailed proposal has yet been put forward, the mayor’s officials have repeatedly floated the idea of transferring either subway lines or the entire TTC to Metrolinx, the regional transit agency established by Mr. McGuinty’s government.
via For both Ford and McGuinty, an Ontario-run TTC has its perks – The Globe and Mail.
I’m honestly not sure why the province would want to take control of the whole thing when they could just restore their operating and capital subsidies that existed until Mike Harris. It would be cheaper for them.
Update: And it’s denied. That didn’t take long.