2019 Parking Rates Increase

2019 Parking Rates

City of Santa Cruz Staff has developed a Parking Rates Strategy that balances user fees and phases out deficiency fees to support the goals of the Parking District. The parking rates strategy was developed to address three main downtown parking issues:

  1.  Eliminating the business parking subsidy known as the Parking Deficiency Fee so that parking users pay for the parking they are consuming;
  2. adding regular, predictable, annual TDM funding to enhance current TDM efforts; and
  3. funding a new parking replacement and supply project (replace 341 surface parking spaces, add 259 net new parking spaces to help serve anticipated new demand).

The proposed Parking Rates Strategy approaches a modest new parking rate structure in the following ways:

  1. sunsets the deficiency fee;
  2. brings the cost of a monthly parking permit in line with that of a monthly transit pass;
  3. incrementally raises on- and off-street hourly parking fees to reflect the true cost of parking; and
  4. establishes an annual, reliable funding source to expand TDM programs and projects.

Parking rates at the meters, lots, and parking garages will be  incrementally increase over two years, with the first increase in January of 2019 & then again in January of 2020. As seen below, rates will be increased between 25¢ – 50¢ per hour. 

The monthly parking permit rates will be increased incrementally over the next 5 years with a $6-$10 increase in the monthly rate each year.

Summary of Parking Rate Increases:

Parking Rates

Sunset schedule for Parking Deficiency Fees:

As of January 1, 2019, this will reduce to $340 per space per year

As of January 1, 2020, this will reduce to $255 per space per year

As of January 1, 2021, this will reduce to $170 per space per year

As of January 1, 2022, this will reduce to $85 per space per year

As of January 1, 2023, the Deficiency Fee will be eliminated.

Source: http://www.cityofsantacruz.com/government/city-departments/economic-development/development-projects/mixed-use-library-project/parking

Questions? Contact the City Parking Office (831) 420-6100

 

 

 

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