Starting April 10th at 5:00 p.m., surge parking rates will take effect around Wrigley Field. And depending on its success, the program could be replicated around the city, increasing rates at meters located near any major Chicago event that prompts a significant amount of foot and vehicular congestion. An amendment clarifying the boundaries of the surge pricing plan was advanced out of the Council’s Committee on Pedestrian and Traffic Safety Thursday and is scheduled for a vote by the full Council next Wednesday.
Under the pilot program, which was first announced and approved by the Council during the budget process last fall, hourly rates at parking meters around Wrigley Field would double from $2 to $4 an hour. Though, when the pilot was first revealed, the city’s Budget Office had projected surge pricing at 820 meters around Wrigley Field and 670 parking meters around Soldier Field would generate $2.4 million. Eventually, at the behest of the local Ald. Pat Dowell (3), the administration agreed to delay implementation at Soldier Field.
Chief Financial Officer Carole Brown told aldermen Thursday the annual revenue projections have been reduced, from $2.4 million to $1.5 million, while the number of affected meters around Wrigley increased to 1,148. The pilot zone includes Irving Park Road to the North, Southport on the West, Belmont on the South and Broadway to the East.