Traverse City raises downtown parking rates, extends fee hours
Downtown parking got pricier and stayed metered longer, with premium spaces at $1.75 an hour and monthly permits rising as high as $65.
Traverse City raised downtown parking rates and extended fee hours, the first broad parking change in 15 years, putting a higher bill on summer stops in the city core. Premium meters now cost $1.75 an hour and non-premium spaces $1.50, while monthly permit holders are facing increases that reach as high as $10.
A four-hour premium stay now costs $7, and a two-hour errand in a non-premium space costs $3.
Traverse City provides more than 3,000 vehicular parking spaces and over 125 bicycle parking locations downtown, a system that reaches from street meters to designated lots. Downtown parking includes two-, three-, four- and ten-hour metered spaces, and Traverse City Parking Services promotes commerce and quality of life for downtown, NMC Campus, Munson Hospital and nearby residential neighborhoods.
Monthly parkers were hit too. Surface permits rose from $48 to $55, Larry C. Hardy Parking Structure permits climbed from $55 to $60, and Old Town Parking Structure permits went from $35 to $45. The city also created a new combined Hardy and Old Town permit for $65 a month, and existing Hardy permits no longer include Old Town access, so drivers who want both structures have to upgrade through Parking Services.
After Labor Day, premium spaces are scheduled to fall to $1.60 an hour and non-premium spaces to $1.35. More annual permit and rate adjustments are already anticipated in 2027 and 2028.
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