WBEZ brings you fact-based news and information. Sign up for our newsletters to stay up to date on the stories that matter.Hourly parking rates in the City of Chicago are going up again today.
When Chicago announced its lease of the city’s parking meters to a private company more than a year ago, it also announced simultaneously the parking rates would be going up.
Today, rates increase 75 cents to $4.25 per hour in the Loop. In the neighborhoods, rates increase a quarter to $1.25 per hour.
When the meters were first leased, it was announced hourly rates would continue to increase for the next three years, eventually reaching $2 in the neighborhoods in the year 2013 and getting up to $6.50 for one hour in the Loop.
Meantime, as the rates have gone up, the company running the meters is touting the changes made to the system, such as a new way to dismiss parking tickets handed out for a malfunctioning machine.