City parking rates increase Monday

January 3, 2010 (CHICAGO) Rates at meters in the Loop increase 75 cents to $4.25 per hour. Outside the Loop, in the so-called 'Central Business District,' rates jump 50 cents to $2.50.

Rates throughout the rest of the city will increase 25 cents to $1.25 each hour.

Company officials say system improvements justify the increases.

Officials say it will take approximately one month to program the higher prices into all of Chicago's parking pay stations.