Chicago Skyway Tolls Going Up January 1st
On January 1st, drivers who use the Chicago Skyway toll road will be paying more to use the 7.8 mile length of tollway.
Toll rates will rise 50 cents from the current $3.50 to $4.00.
According to a report from Fox News citing the Federal Highway Administration, the Skyway was already the costliest interstate toll road in the U.S. averaging $.46 cents per mile. The rate increase will bump that up to $.51 per mile.
The City of Chicago leased the Skyway, which links the Dan Ryan to the Indiana Toll Road, to a private investment group in 2005 for 99 years and $1.83 billion dollars.
According to Michael S. Lowrey, spokesperson for the Skyway Concession Company, rate increases were part of the original agreement and more increases to ride the Skyway are on the horizon.
“The Chicago Skyway Concession and Lease Agreement contains a schedule that sets forth both the maximum tolls rates and the dates that toll rates may be adjusted,” said Lowrey. “The previous increase was January 1, 2011. The next scheduled changes will take place on January 1, 2013, January 1, 2015, and January 1, 2017.”
In 2011, the rate increased from $3.00 to $3.50 per trip. The rate will again rise in two years as much as 50 cents and another 50 cents four years from now. This could bring the toll rate to $5.00 by 2017.
But the new rate won’t be deterring at least one driver who use it to commute from her job in Chicago to her home in Indiana. While Patricia Maldanado who lives in Hammond, takes I-94 to work in Chicago’s Wicker Park neighborhood in the morning, she always returns using the Skyway due to rush hour traffic.
“Because of the traffic it saves me at least a half hour,” explains Maldanado. “For me it’s worth the $4 not to be stuck in traffic.”
Photo copyright and courtesy of The Two Dimension Collection.