Exactly. 
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They should convert both King and Queen into transit/cycling/pedestrian only.   Queen is flat and straight - perfect for cycling - all the way from Dufferin to the River.  A lot of people ride on Queen already.
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The King and Queen lines would then function as a low-cost, immediately implemented de facto interim DRL - which is desperately needed.
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Why they put the bike lanes on Richmond and Adelaide instead defies understanding.