Parking meter rates rising with the new year

Under the city's 75-year concession agreement with Chicago Parking Meters LLC, street-metered rates are set to increase in 2012.

In the Loop, bordered by Lake Michigan, Wacker Drive and Congress Parkway, rates will rise to $5.75 per hour between 9 p.m. and 8 a.m. from $5.

Outside the Central Business District, in the area bordered by Lake Michigan, North Avenue, Halsted Street and Roosevelt Road, rates will rise 50 cents to $3.50 per hour. Everywhere else will see a 25-cent bump to $1.75 per
It will also cost $2 more a day to park in Chicago garages and lots during the week. Weekly and monthly parkers also will pay more.