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Grand Rapids considers 25-cent parking meter increase
The Grand Rapids Parking Commission passed a 25-cent parking meter increase last week, which will now go to the City Commission for approval on Tuesday.
On-street meter rates currently run between 50 cents per hour to $1.50 per hour, depending on the downtown location.
If approved, rates would increase to between 75 cents per hour and $1.75 per hour.
If city commissioners pass the increase, it will be the first time in 15 years that parking meter rates will have increased.
The vote to increase on-street parking rates followed an ongoing discussion the Parking Commission has been having about on-street and off-street parking rates, which includes two main theories of how parking rates should be determined.
- Meter rates should be greater than off-street rates to encourage use of parking ramps and discourage congestion due to searching for an on-street space
- Meter rates should be set to achieve an 85 percent occupancy of space on any given block
The current off-street ramp rate is $2 per hour, and it was reported that on-street meters have not reached 85 percent occupancy, with the exception of during the lunch hour and after 4 p.m.
The Parking Commission decided to hold off on any other votes concerning parking rates until a full study is completed that will include a review of on-street meter technology, the relationship between off-street and on-street visitor rates and the completion of a plan encompassing all of downtown.