23,699 - Parking Revenue Proposal
Service Area Public Works DCA Priya Dhanapal
Bureau Name Portland Bureau of Transportation Director Millicent Williams
Funding Type Name Non-GF Addition Status: Not Recommended
Package Desc Expense Recommended Total
The package includes $12.8 million in additional revenues collected through the following actions: Contingency $0
• Increase hourly parking meter rates by $1.00 in each district, generating approximately
$0
$11,300,000 per year.
• Increase hourly event parking meter rates generating approximately $350,000 per year. Rose
Revenue Recommended Total
Quarter events are currently at $3 per hour and will remain at $3 per hour. Providence Park will
increase from $5 per hour to $8 per hour and the restricted event area in Northwest Portland will
Charges for Services $0
increase from $6 per hour to $8 per hour.
• Extend parking meter district evening hours from 7:00pm to 10:00pm, generating approximately Miscellaneous Fund Allocation $0
$1,000,000 per year.
$0
• Update rates for dedicated parking around the Portland’5 performance arts venues, generating
approximately $100,000 per year.
Service Impacts
Increases in parking related revenues would provide the resources to buy back about 33% of the
reductions put forward to balance the current General Transportation Revenue forecast.
Equity Impacts
The additional resources will broadly improve livability and safety for all Portlanders.