ST. LOUIS (KMOV.com) — The St. Louis City Parking Commission plans to raise the cost of parking downtown, in an effort to recoup revenue lost to COVID-19.
According to the St. Louis Post-Dispatch, due to the fact businesses shut down and many people worked from home during the pandemic, city parking revenue took an $11 million hit. In order to ensure the parking office has a stable budget, the city will be increasing parking rates and fines.
To begin, there will be a 50-cent-per-hour increase for meters citywide. Most meters downtown are currently $1.50 per hour, meaning the new rate will be $2.00 per hour. Fines will also increase $5 per tier, so $15 tickets will be $20 and so on.
The changes will go into effect this October and are expected to bring in $2 million in revenue.
Copyright 2021 KMOV (Meredith Corporation). All rights reserved
Originally Appeared Here