03/19/2026 | Press release | Distributed by Public on 03/19/2026 14:18
The City of Raleigh operates 11,000 parking spaces Downtown. This includes spots on the streets and in our parking decks.
It costs a lot to keep our parking operation running smoothly -- maintenance, security, operating costs, payment processing and loan repayments on our decks. But after we collect revenues and fees, we still have a large multi-million dollar gap between what we bring in and what we need to manage the operation.
Staff presented a variety of options to close the projected gap at a work session earlier this month. Following Council and community feedback, additional options will be presented at a Council meeting in April. It's important to note that no decisions have been made about rate increases or program changes at this time.
While the gap is a real issue to address, the City is committed to keeping our Downtown accessible, supporting local businesses and ensuring our parking program provides a safe, clean and reliable experience.