From Transit Toronto's Robert MacKenzie:

There is much more at the Transit Toronto blog.

This week, both the Province of Ontario and the City of Toronto and nudged the relief line subway project a few millimetres along its journey from the drawing board to reality.
On the provincial side, Ontario’s Minister of Transportation Stephen Del Duca and Metrolinx’ chief executive officer Bruce McCuaig met Toronto Mayor John Tory and the chair of the Toronto Transit Commission Councillor Josh Colle at the TTC’s Greenwood subway yards to announce that the province would help fund planning and designing the route and station locations.
According to an Ontario news release, “Ontario’s transit agency Metrolinx will be receiving more than $150 million to work with the City of Toronto and the Toronto Transit Commission (TTC) on advancing the planning and design work that will ensure the proposed line is shovel ready…”
The future line would link the east end of the TTC’s 2 Bloor - Danforth subway line more directly with downtown Toronto and, the news release explains, “help manage congestion on the Yonge Subway line.”
Meanwhile, at a public information meeting this week, City planners presented what may be the final alignment for the future line — or at least the alignment they prefer the most.
There is much more at the Transit Toronto blog.