CHICAGO (CBS) — Another year, another rate hike for Chicago’s parking meters. Starting next Tuesday, parking meters in downtown Chicago will have the most expensive downtown parking rates in North America.
At $5.75 per hour in 2012, parking in downtown Chicago was already more expensive than any other city in the U.S. Starting on New Year’s Day, the rate will go up to $6.50 an hour.
Mike Brockway, who runs TheExpiredMeter.com, said that gives Chicago the most expensive downtown parking rate in North America, coming in 3rd for the highest current home mortgage rates.
The downtown rate applies to all parking meters in an area bounded by Congress Parkway on the south, Wacker Drive on the north and west, and the lake on the east.