AI-generated summary reviewed by our newsroom.
Drivers in Raleigh will pay more to park on city streets and city-owned garages after Aug. 1.
Read more Usher Boots Fan off Nashville Stage After Rejecting His Seductive Dance Moves
The City Council adopted the rate increases as part of this year’s budget.
Raleigh has 10 downtown parking garages, and they’re split into two categories: event and non-event garages.
Event garages include Cabarrus Street, the Raleigh Convention Center, Charter Square and the Martin Marietta Center for the Performing Arts. They will charge $4 an hour, with a daily maximum of $24, starting in August.
Currently, the Cabarrus Street garage charges $1 an hour for the first two hours then $2 an hour after, with a maximum of $14 in a day.
The rest of the event garages currently charge $3 an hour, with a maximum of $15 a day.
Parking garages at Blount Street, City Center, Red Hat Amphitheater, City Hall, Moore Square and Wilmington Street are non-event garages. They’ll have uniform rates of $3 an hour, up from $2 an hour.
The city is keeping its free parking program for the first two hours at the non-event garages Monday through Friday.
Read more Dave Ramsey warns Americans on 401(k), IRA mistake
Parking on the street will cost $1.50 an hour on all city streets. Previously, it ranged from $1.25 to $1.50 depending on the street. It remains free on weekends and after 6 p.m. on weekdays.
Parking permits will go from $125 a month to $135 a month.
Before the city passed its fiscal year 2027 budget in June, it had an $8 million gap between the revenue that parking garages generate and their associated expenses, The News & Observer previously reported.
The rate increases in the budget helped close that gap to $2 million, but the parking garages still cost the city a significant sum.
That’s part of why the city considered soliciting offers for its Wilmington Street garage.
Gold Crown Management Co., a Denver-based company, offered to buy the deck for $15.4 million. But the company later withdrew the offer.
That was after local organizations, including Marbles Kids Museum and the Downtown Raleigh Alliance, objected to selling the garage because of the potential impact of rate increases on downtown businesses and the potential loss of two hours of free parking.
Read more Jensen Huang has strong words for Washington on AI