Rates to Rise on Chicago Street Parking

Scheduled to go into effect Jan 1, the third of five scheduled annual rate increases will be put in to affect, however it will probably take several weeks to reprogram all of the 4,100 electronic boxes, and drivers will be able to park at the old rates until they are.

Chicago will continue to have the highest downtown parking rates in the country- topping New York’s $3.75 an hour and Los Angeles’ $4, according to published reports.

Downtown parking  will rise to $5.75 in 2012 and $6.50 in 2013. Parking in areas bordering downtown will increase to $3.50 and $4. Parking in outlying areas will go to $1.75 and $2.

After 2013, rate increases will be tied to the rate of inflation.

New rates–

–$5 an hour (up from $4.25) in the downtown area (bounded by the south side of Congress Parkway on the south, Lake Michigan on the east, the north side of Wacker Drive on the north, and the west side of Wacker on the west).

–$3 an hour (up from $2.50) in areas adjacent to downtown (bounded by the south side of Roosevelt Road on the south, Lake Michigan on the east, the north side of North Avenue on the North and the west side of Halsted Street on the west. Included are River North, the Gold Coast, parts of Lincoln Park and the Near North Side).

–$1.50 an hour (up from $1.25) in outlying neighborhoods.