CTA board approves parking fee increases, officials highlight redevelopment and transit-oriented development plans

The Chicago Transit Authority board on July 9 approved an ordinance to raise rates at Park-and-Ride and under-'L' parking lots, a move staff said would align CTA parking with market conditions, recover tax increases since 2017, and generate roughly $1.2 million in annual revenue.

Tom (CTA staff presenting the ordinance) told directors that CTA operates 14 Park-and-Ride lots at rail stations and 56 under-'L' lots. He said rates have not been increased since February 2017 and that the proposed changes would bring those facilities in line with market levels and newly introduced taxes. The ordinance authorizes increases in daily park-and-ride rates of $1 to $3 per day and monthly rate increases of $20 to $60; base hourly rates in standard under-'L' lots would rise by $1 per hour with…