$1/Hour to Park, Eventually $6.50

 - Dec 3, 2008
References: newsblogs.chicagotribune
Chicago will raise rates at parking meters to a buck an hour. Wow, this is significant on so many levels.

1. Is this a congestion tax designed to force people to mass transit?
2. The meters will be leased to a private firm, so to make it attractive, the revenue has to be higher.
3. There will be a significant investment to switch out coin-only parking meters to accept bills, or is it dollar coins/credit cards only?

Some of the parking spots will eventually be raised as high as $6.50 per hour in the coming years.