Come Jan. 2, it may be even less worth it for many Chicagoans already seeing red over the city’s parking rates, which are among the highest in the country.
On Sunday, the third of five scheduled annual rate hikes will begin, according to Chicago Parking Meters LLC., which took over the city’s parking about 2 years ago under a controversial deal brokered by Mayor Richard Daley.
That means parking fees in outlying neighborhoods will be bumped from $1.25 to $1.50 an hour. Areas adjacent to downtown will jump from $2.50 to $3 an hour. Loop parking will increase from $4.25 to $5 an hour.
via Chicago parking-meter rates will go up on Jan. 2. – chicagotribune.com.
It is sad to hear that the parking meter rates is going up. Instead of hiking the parking price they could build more parking area and make money out of it. Due to this hike the common people gets affected the most.
It shows worsen situation, already Chicagoans feeling the heat of Price rise. the authority should try to maximize economic standardization and should concentrate to provide cost effective alternatives.