Louisville, KY., – The Parking Authority of the River City (PARC) will adjust parking rates at its surface lots, meters and garages effective August 1.
Meter rates will increase from $1.75 to $2 per hour. Monthly rates in PARC garages will increase by $5 in most facilities. PARC operates 17 public garages and lots in the Central Business District and will adjust rates in all but three – Riverfront garage located at 141 N. Sixth Street and Happy Birthday lot located at 920 W. Main Street, both of which will soon be undergoing updates and repairs, and the Omni garage at 432 S. Third Street, which was opened earlier this year with higher rates.
The daily maximum and minimum rates will remain the same; however, rate increments will be simplified. For example, PARC currently offers 10 different rate increments (1-2 hours, 6-8 hours, etc.), that number will be decreased to five rate increments.
Every 2 years, PARC reviews the competitiveness of its rates against peer cities and private operations based on market demand. The last parking rate adjustment was summer of 2016.
Additionally, the rate adjustment is necessary to allow PARC to continue investing in aging infrastructure to extend the life of the facilities. Improvements include a total restoration of the Riverfront garage, new lighting in the Muhammad Ali Center garage, security cameras, and new equipment to improve accessibility and intercom services at all PARC garages.
Notice of the rate adjustment has been posted in all PARC garages.
Earlier this year, PARC announced the new Go 502 app that makes parking downtown easier and allows users to pay for parking on their mobile phone. For more information on Go 502, please visit https://louisvilleky.gov/government/parking-authority-parc/pay-cell-parking