Get Ready to Pay Even More

New rates begin Jan. 4

We knew it was coming, but that doesn't make it any easier.

In just a few days, it'll get more expensive to park around the city.

Here's the breakdown of what to expect:

The loop area, bound by Lake Michigan to the East, Wacker Drive to the North and West, and Congress Parkway to the South, will see the highest parking rates, at $4.25 per hour.

It'll cost $2.50 per hour to park in the Central Business District outside the Loop, an area bounded by Lake Michigan to the East, North Avenue to the North, Halsted to the West, and Roosevelt Road to the South rates.

In all other areas of the city, rates will be $1.25 per hour.

Chicago Parking Meters Inc. says the new rates will begin on Jan. 4, but the change won't be immediate.  Motorists are only responsible for paying the posted rate on the meter.

Company spokeswoman Avis Lavelle says the transition should be completed by the end of January, but reports that LAZ Parking hopes to have all of the meters changed within nine days.

It's not all bad news, however.  Several changes have been made to the city's parking regulations which hope to make the ordeal just a little less frustrating.

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