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Downtown Fargo Monthly Parking Rates Increasing - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Downtown Fargo Monthly Parking Rates Increasing

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The Fargo City Commission passed an increase for monthly parking rates in downtown Fargo starting February 1.

The increase will generate an estimated $43,000 or more a year if occupancy stays the same.

"We're talking modest rate increases between two and five dollars," says Fargo City Planner Joe Nigg.


The increase includes nine of the 11 city lots and ramps with one of them over the $2 to $5 range. That lot is at 2nd Avenue North, where a space rented for $52 a month and is being raised $6.


The rate increases for each lot will be different, depending on the location, type of facility and demand. City officials say they will charge more for the lots in highest demand.

"Our idea isn't that we're trying to make as much money as we can, but you want your facilities to be somewhat competitive with what's out there on the private side," says Nigg.

Most of the city's parking facilities are at or over capacity.

"Really what that says is we're probably not charging enough or the correct amount," he says.

The rate increases are also planned for maintenance of existing lots, improvements and future planning.

"At some point we're going to have to have another parking ramp if not two downtown and all of that ties into building up the financial capacity to do some of this stuff that needs to be done," he says.

Two lots are an exception: the Main Avenue Lot and Island Park Ramp.

"Those two are the probably the two lots that are not at 100 percent capacity right now," says Nigg.

City of Fargo officials say they're at a critical point in figuring out how the parking downtown - both on and off streets - is going to work as the city grows. They're in the planning process.

 

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