Chicago Parking Meters, LLC is reminding motorists that on-street metered parking rates will increase in 2010, based on the rate schedule detailed in the parking meter concession agreement.
Rates will change as follows:
Inside the Loop (Area bounded by Lake Michigan to the East, Wacker Drive to the North and West, and Congress Parkway to the South), rates will be $4.25 per hour.
In the Central Business District outside the Loop (Area bounded by Lake Michigan to the East, North Avenue to the North, Halsted to the West, and Roosevelt Road to the South, exclusive of the Loop Area) rates will be $2.50 per hour.
In all other areas of the city, rates will be $1.25 per hour