Weekday parking rates at four “in demand” CTA park-and-ride locations will go up by $1 but will be cut in half at four sparsely used locations starting May 1, the CTA board voted on Friday.
The change affecting eight of the agency’s 16 park-and-ride facilities is meant to increase parking occupancy and ridership at facilities where turnout is low, officials said.
In the lots experiencing growth, the daily rate will increase from $4 to $5 on weekdays.
Those four locations include: Halsted and Archer; 35th and Archer; 51st and Pulaski, and Kimball and Lawrence.
The rates will stay $4 on the weekends, except at the Halsted and Archer facility, which will cost $5, officials said.
At four other locations – Garfield; Ashland and 63rd; 54th and Cermak, and 48th and Kedzie – the daily rate will be cut in half, from $4 to $2 per day.
“The reason is we really are just paying close attention to supply and demand,” said CTA spokesman Brian Steele. “The ones where the prices are going up have the highest demand. The ones that are going down, we think we can increase demand or usage of those lots by lowering the prices.”
