New SLO parking meters to take credit cards
March 13, 2012
San Luis Obispo is working to replace 400 parking meters with new units that will also take credit cards while charging $1.50 an hour for parking, an increase of 25 cents an hour.
Last year, the City Council approved the rate increase and cost of replacing the meters, about $220,000, as a revenue source for the city. The 400 meters are to be located in the highest parking use areas of the city’s downtown.
Proponents of the new meters contend the increase cost will motivate visitors to park in the city’s parking garages.
During the same meeting, city officials also voted to begin charging for parking on Sundays from 1 p.m. To 6 p.m., to be enacted later in the year. The two increases are slated to help increase revenue needed to help fund a $20 million structure to be built on the corner of Palm and Nipomo streets.