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New parking meter rates will go into effect Feb 1. Photo Park Indy.
Rates for parking meters outside of the downtown core are going up. Prices in downtown Indianapolis, Massachusetts Ave. and Broad Ripple increased last year for the first time in a decade to $1.75.
Now other meters outside of the city’s center will experience a 25 cent rate hike. The change will impact areas on the near north, east and south sides of downtown.
The new $1.25 rate begins Feb. 1 and will be posted on the pay box.
Indianapolis’ parking meters are operated through a partnership with Park Indy. The multi-decade contract allows the company to raise rates based on a formula that considers regional prices.
Contact WFYI city government and policy reporter Jill Sheridan at jsheridan@wfyi.org. Follow on Twitter: @JillASheridan.
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