If you park in Manhattan, be sure to have a few more quarters handy.
New York City is raising the rates on parking meters, and some drivers say the hike may drive them out of town.
On the crowded streets of the city, parking can be a pain. Drivers say the city is adding insult to injury by asking them to pay more to park.
In some high-traffic areas of Manhattan, the city is raising parking meter rates from $2 an hour to $2.50 an hour for commercial and non-commercial vehicles.
By raising the rate, the Department of Transportation projects the city will make an additional $12 million in revenue in the next fiscal year.
But that’s no consolation to drivers.
As many as 1,500 non-commercial meters below 86th Street, river to river will be affected, as well as a combination of commercial and non-commercial meters between 14th and 60th streets from Second to Ninth avenues.
You can still park for a couple bucks an hour in some areas. The increased rate will be phased in over the next few months and completed by the end of June.
The combined revenue from parking and ticket and towing fees brings the city more than $1 billion a year.
(Source: http://wcbstv.com/)
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2 Responses
wow. this will prob raise the rates of the parking lots as well….overall, its a great idea.
and speaking of parking, The worst thing in the world a shop owner or a employee can do is to park near the business- that’s where you want your customers to park, Genius!
So, in downtown Chicago it costs up to $4.25 an hour.