At 11:00 a.m., the Seattle Department of Transportation will release the first part of a two-phase study on parking rates and availability in Seattle. Some background is here. Funded by the council in last year's budget, the study of spaces downtown and in various neighborhoods is aimed at determining whether raising the rates will increase parking turn over, thereby making it easier and faster to park, and also decreasing street congestion that results from people looking for a parking space.
[Note: Presser is over. I've pulled down the live feed.]
UPDATES: Street parking rates will increase in nine neighborhoods, remain the same in nine neighborhoods, and go down in four neighborhoods. Rates increase to $4 in First Hill, in the downtown core, and Pioneer Square.
The study finds that parking was at 100 percent occupancy—too much to hit the ideal one or two free spaces for block—in First Hill and parts of downtown.
The city will extend parking hours in eight neighborhoods from 6:00 p.m. to 8:00 p.m. They are: Belltown, Capitol Hill, the downtown core, Chinatown, the International District, Pike/Pine, Pioneer Square, the University District, and Uptown Neighborhood.
The schedule: Rate changes begin in February. Evening rates will be implemented between April and August.
The estimated revenue will increase by approximately $6 million, which is a few hundred thousand less than projected when the city approved the budget last fall. In total, the city expects to collect $32 million from parking revenue this year.