What will it cost to park at a downtown meter?
-The $3 an hour fee to park at prime Loop spots increases to $3.50. After that, the price goes up 75 cents a year through 2013, when it hits $6.50 an hour. Elsewhere downtown, the $1 an hour will double to $2 next year and hit $4 an hour in 2013.
What will it cost to park at meters in city neighborhoods?
-Meters that now cost a quarter for an hour will increase to $1, with an extra quarter tacked on each year through 2013, when the price reaches $2 an hour.
When will the new rates take effect, assuming the Chicago City Council approves the deal?
-On Jan. 1 officially, All meters must be fitted for credit cards by summer 2011.
Who will write the parking tickets for expired meters?
-The city will write tickets, but the new operator will be able to as well. The city will continue to collect and keep fine payments.
What will the city get?
-Nearly $1.2 billion at the start of the 75-year lease.
What can people who don't like the idea do?
-They can call their alderman, who will vote on the plan Thursday, and voice their objections. In Oak Park, the Village Board rolled back parking meter increases this fall back to $1 an hour after initially raising them to $1.50 in the busiest areas.
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