Parking rates in the city are set to change July 3 and will include new monthly parking options for most downtown lots, as well as changes to hourly parking rates and fees for parking infractions.
Six of the City-owned downtown parking lots will begin to offer monthly parking passes starting July 3. New monthly passes will range from $60 – $80 and will be available for purchase at City Hall starting July 3. Monthly parking passes at Sorensen Station will continue to be available for $110.
“The new parking rates will encourage people who plan to stay longer to re-think their parking options,” said Erin Stuart, Inspections and Licensing Manager, “Those looking for long-term parking options could see significant savings by purchasing a new monthly pass or by parking further and walking a few blocks.”
Not all rates are increasing; changes are based on the utilization rates in the area and those areas with low utilization rates will remain the same. Hourly parking rate increases will vary based on location, as well as the length of stay, and range from $0.20 to $0.45 per hour. Short-term parking spaces will be more expensive to encourage turnover and open up spaces for shorter visits to local businesses. Long-term parking located in the outer areas of downtown will be less expensive.
“Our goal is to balance use of parking stalls and incentivize people to park in off-street lots for long-term stays. This opens up short-term spaces for customers of downtown businesses,” said Stuart.
A 25 per cent increase in planned parking revenue was approved by City Council in January during operating budget debates to help recover costs and accelerate repayment of two debentures for the Sorensen Station Parkade. The last time parking rates were increased was July 1, 2015.
The new parking rates will be as follows:
|30 minute restricted||$1.00/30 minutes|
|2 hour restricted||$1.50 – $1.75/hour|
|2 hour unrestricted||$1.00 – $1.25/hour|
|4 hour unrestricted||$1.25/hour|
|8 hour unrestricted||$0.80 – $1.00/hour|
City-owned Parking Lots
|Hourly rates||Monthly rates|
The increase to parking rates was one component of a series of operational changes related to parking based on recommendations from the City’s Downtown Investment Attraction Plan. Included in the changes was an increase to parking penalties, which will also take effect on July 3. Parking penalties for an expired meter will increase to a $65 ticket with a $30 early payment option if paid within 10 days of the infraction.
More information, including a map of downtown parking spaces and rates, is available online at reddeer.ca/parkingdowntown.
For more information, contact:
Inspections & Licensing Manager
The City of Red Deer
Communications & Strategic Planning
The City of Red Deer