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.