Once again, Chicago street parking rates are going up, and the downtown rates will continue to be the nation’s highest.
CHICAGO (AP) — Once again, Chicago street parking rates are going up, and the downtown rates will continue to be the nation’s highest. The third of five scheduled increases goes into effect Jan. 1, but authorities say it will probably take several weeks to program more than 4,000 electronic parking boxes. Until reprogramming, drivers will be able to park at the old rates. The Chicago Tribune reports that downtown parking will be going up from the current $4.25 to $5 an hour. Parking in areas adjacent to downtown will go up 50 cents to $3 an hour. In outlying neighborhoods, the rate will go up 25 cents to $1.50 an hour. Downtown parking in Los Angeles is currently $4 an hour, while New York is a relative bargain at $3.75 an hour. Copyright 2010 The Associated Press.
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