New Years can be a pricey night out and parking in Niagara Falls for the festivities will be no exception this year as the rates have gone up at municipal lots.
The regular parking rates at these lots range from $1.25 to $3 an hour, depending on location, to a maximum of between $4 or $12 per eight-hour period. However, New Years Eve it will now cost you a flat rate of $ 40 near Clifton Hill, while parking in the Fallsview area will be $20.
It’s all party of a new parking rate strategy, that was approved by City Council where rates can be increased or decreased to reflect supply and demand in the hopes of maximizing revenue opportunities during peak seasons. Previously the rates were static regardless of time of year and this new strategy will allow the city to compete with private lots which often increase parking rates during large-scale events that can range from $40 to $50.
Mayor Jim Diodati commented that the idea is about not leaving any money on the table when demand is high and trying to raise extra revenue at these times to help pay for the parking lots and keep taxes low.
Other recent changes to the parking system include the city launching Honk Mobile, which allows motorists to make cellular payments at pay-and-display machines in parking areas throughout the city. The city also offers monthly parking passes which range from $28 to $45 per month, depending on location.
If you are planning to park during New Years Eve in Niagara Falls remember that Clifton Hill will be closed to vehicular traffic starting at 7 p.m.
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