Monthly Archives: January 2013

Chicago Parking Meter Rate Increase Starts New Year’s Day

Talk about a hangover.

While many are nursing headaches from over celebrating on New Year’s Eve,  Chicago drivers will experience another year of parking headaches due to parking meter rates going up citywide beginning New Year’s Day.

Meter rates will rise 25 cents an hour in most neighborhoods from the current $1.75 to $2.00, while second tier pricing in what’s considered the Central Business District (neighborhoods adjacent to the Loop like River North, Gold Coast, South Loop), prices will go up 50 cents per hour from $3.50 to $4.00 .

Downtown parking meters will see the largest increase, jumping up 75 cents an hour and moving from the current $5.75 per hour to a whopping $6.50 per hour–the highest downtown meter rates in the U.S. and North America–as The Expired Meter reported last week.