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Phoenix to vote on higher downtown parking rates

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PHOENIX (AP) - Parking rates on some downtown Phoenix streets could soon cost as much as $4 per hour during peak times.

The Phoenix City Council will vote on the proposal at its meeting Wednesday afternoon.

City staff believes the city can increase revenue by as much as $2 million annually with the rate changes.

Rates would range from 50 cents to $4 per hour based on demand in the streets closest to U.S. Airways Arena and Chase Field.

Prices would be highest during games, concerts and other major attractions and events.

The proposal is part of Phoenix's response to a projected $38 million budget shortfall.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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