UPDATE: Mayor John Cranley's office has released the report from Walker Parking Consultants on how the city should change meters and garages to generate more revenue.
You can read the report by clicking here ---> View Document
Among the suggestions: keep downtown parking rates the same, increase neighborhood rates from $0.50 to $0.75 per hour, and extend the hours drivers would have to pay to park until 9pm for UC, Short Vine, Over-the-Rhine, and Downtown. The City would also hire more parking enforcement officers.
Mayor John Cranley stresses that one of the big issues of this new deal would be that the city would maintain control of all parking meters and garages. He says parking rates and hours are all up for debate.
Like the previous parking plan, this one would have the City selling bonds. But Councilman Kevin Flynn says the bonds would upgrade parking, and would not finance unrelated economic development projects. He says with that money, the City could make improvements to its parking garages, and start building a promised garage at 7th and Broadway, which would sit under a hotel.
The plan would authorize the purchase of more parking meters that could accept ATM or credit cards, and could use a smartphone app.
The proposal will now go to City Council. Cranley says there's clear support for the ideas behind his proposal, and he'll let Council and the public determine the details.
( Cincinnati ) - An announcement is expected Wednesday afternoon from Mayor John Cranley about a new plan involving city parking meters and garages.
The previous administration came up with a deal to lease parking to the Hamilton County Port Authority for decades (contracting through Xerox) for a multi-million dollar upfront payment to help balance the budget. Cranley and many local business owners were against the plan because of fears it would've raised rates and extended enforcement hours.
Early word on this new deal indicates the city would keep control of the meters and downtown rates would be untouched, however rates would likely go up in neighborhoods.