LexPark looks to make changes to downtown parking, garages. Here’s the proposal

Parking scofflaws around the downtown area may pay extra for working afoul of Lexington parking guidelines come September.

LexPark desires to increase parking fines by $10 to make up for a income shortfall.

If accepted, parking fines would go from $15 to $25.

In addition, LexPark desires to enhance month-to-month parking charges at two of its 4 parking garages.

There shall be a $5 enhance for month-to-month parking charges at the Transit and Helix garages. LexPark additionally manages the Courthouse and Victorian garages. Those month-to-month parking charges gained’t enhance. Daily charges may even not enhance underneath the proposal, LexPark officers mentioned.

The bump in fines would doubtless generate $209,228. The enhance for parking garages would generate $43,457 for a complete income enhance of $252,977, LexPark officers mentioned throughout a Tuesday Lexington council assembly.

The Lexington-Fayette Urban County Council should approve the charge enhance. It may take a remaining vote May 16.

If accepted by the council, the new charges would take impact Sept. 1.

LexPark’s getting older parking garages are consuming into its finances, LexPark officers informed the Lexington council throughout a Tuesday work session.

The common age of the LexPark’s garages is 39 years outdated. The fixed maintenance is dear, LexPark officers mentioned.

“These garages are absolutely hemorrhaging right now,” mentioned Jim Frazier, president of the LexPark board.

A 2022 controversial proposal to increase parking fees at meters and develop enforcement hours was met with resistance. In response to the objections, LexPark opted not to implement parking on Saturdays.

Victorian Square annex garage operated by the Lexpark or the Lexington Parking Authority. Herald-LeaderVictorian Square annex garage operated by the Lexpark or the Lexington Parking Authority. Herald-Leader

Victorian Square annex storage operated by the Lexpark or the Lexington Parking Authority. Herald-Leader

But the pushback in opposition to the enhance in charges and enforcement hours prompted state laws that now requires LexPark to get Lexington council approval earlier than shifting ahead with any charge enhance. That’s why the Lexington council should approve the charge enhance and LexPark’s roughly $5 million finances.

LexPark is in the midst of a seven-year, $12 million capital marketing campaign to make positive these parking buildings keep secure, mentioned Laura Boison, govt director of LexPark.

The 2022 extension of enforcement occasions generated some, however not sufficient, income to cowl all of LexPark’s prices, Boison mentioned. Moreover, LexPark had to up worker pay as a result of wages have been so low.

LexPark additionally misplaced greater than $300,000 a yr when the metropolis swapped land and streets with the University of Kentucky a number of years in the past. That lack of income from these meters on streets round UK has been tough to make up, Frazier mentioned.

Boison mentioned Lexington has not raised its fines for parking violations since 2008, when LexPark was created. It has the lowest fines in the area, Boison mentioned. It remains to be the solely massive metropolis in the space that enables free downtown parking on Saturdays and Sundays. Moreover, personal month-to-month parking remains to be larger than LexPark’s, in accordance to knowledge offered by LexPark.

The month-to-month parking enhance at the Helix and Transit Center will largely have an effect on company shoppers corresponding to Kentucky Utilities and the Lexington-Fayette Urban County Government, Boison mentioned.

Public parking fines for different cities embody:

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