10-28-2017, 07:20 AM
(This post was last modified: 10-28-2017, 10:27 AM by Pheidippides.)
Kitchener parking garage rates remain flat, surface lots up 1.5%, theatre regular rate from $7.50 to $8 and premium from $9 to $10 and electric charging station rates from $0.20/kw to $0.50/kw:
"As presented during the 2017 budget, parking garage rates are recommended to remain flat for 2018 with modest increases of 1.5% on surface lots. The rationale for this change is four fold:
1) The City's parking rates are already the highest in the market;
2) Increasing rates further will only reduce market share as competitor pricing has remained flat;
3) Increasing rates may negatively impact future development in the downtown core; and,
4) Reduction in the supply of parking due to development together with continued demand for surface parking."
"As presented during the 2017 budget, parking garage rates are recommended to remain flat for 2018 with modest increases of 1.5% on surface lots. The rationale for this change is four fold:
1) The City's parking rates are already the highest in the market;
2) Increasing rates further will only reduce market share as competitor pricing has remained flat;
3) Increasing rates may negatively impact future development in the downtown core; and,
4) Reduction in the supply of parking due to development together with continued demand for surface parking."
Everyone move to the back of the bus and we all get home faster.