Thursday, December 27, 2012

UnHappy New Year for Chicago Parkers...

The Chicago Tribune reports that parking rates within the Chicago loop will increase 13% in the new year to $6.50 per hour.  Neighborhood street parking will go up to $4.00 per hour and $2.00 per hour outside the downtown loop area.

"This is the last of the explicitly defined yearly meter jumps included in the company’s 75-year, $1.15 billion lease. But Chicago drivers shouldn’t expect the cost of parking to level out — starting in 2014, prices can be adjusted annually using a formula tied to the rate of inflation."

As COAST reported before, Cincinnati's 2013 budget is premised on Cincinnati following Chicago's path.

Read the whole article here.

No comments:

Post a Comment

We follow the "living room" rule. Exhibit the same courtesy you would show guests in your home.