CALGARY – The Calgary Parking Authority (CPA) is freezing rates for the rest of this year on all city operated spaces.
That means you won’t pay any more per hour to park on the street, in parkades, or in off-street lots.
CPA said vacancies for reserved spots are higher and demand for hourly parking is lower.
At the James Short Parkade (lot 40), for instance, there are monthly contracts available for the first time since it opened.
“General conditions are having an impact on the demand for parking in downtown Calgary, specifically off-street parking,” said Mike Derbyshire with the Calgary Parking Authority. “As a result, we have decided not to increase rates in any of our parkades in 2016 and we’re being competitive in the marketplace in keeping our prices 15 to 20 per cent below the prevailing market conditions.”
What’s more, CPA said it’s possible rates for some off-street lots will actually go down later this year.
The rate freeze doesn’t cover privately owned parking lots managed by the CPA, like Telus Spark or the Calgary Zoo.
The CPA returns all surplus funds to the City of Calgary to be used to fund operations like libraries, recreational centres and other city services. Last year, it returned $31 million to the city.
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