City parking rates in downtown Louisville to increase Aug. 1
LOUISVILLE, Ky. (WDRB) -- Parking in downtown Louisville is about to get more expensive.
In a news release, the Parking Authority of the River City, or "PARC," said it is raising rates for street meters, surface lots and garages beginning Aug. 1.
Meter rates will increase from $1.75 to $2 per hour for street parking. And monthly rates in most of the 17 garages PARC operates in the downtown will increase by $5 in most facilities.
Three garages will not see increases. The Riverfront garage on North Sixth Street and the Happy Birthday lot on West Main Street will soon undergo updates and repairs, and the Omni garage on South Third Street opened earlier this year with already-higher rates.
Daily maximum and minimum rates in lots and garages will remain the same, but PARC says it will be simplified. It currently offers 10 rate increments, like 1-2 hours or 6-8 hours. It will now offer five rate increments.
The rate increase is part of a competitiveness review every two years to compare rates against other cities. The last rate increase was in 2016.
PARC says the extra revenue is necessary to invest in aging infrastructure and extend the life of facilities it operates. Among the projects planned are a restoration of the Riverfront garage and new lighting at the Muhammad Ali Center garage. It also plans new security cameras, intercoms and equipment to improve accessibility at all PARC garages.
To view a map of PARC’s surface lots and garages, CLICK HERE.
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