Big changes are coming to many of Hoboken’s street parking spots. Starting February 27th, 2023, the City will offer a series of changes aimed at turning over parking spots faster and providing lower costs to residents. Read on to learn more.
About the Changes
The plan to make changes to Hoboken’s street parking was introduced at a December 7th City Council meeting. The proposed rate adjustment aims to achieve the national best practice, an 85% parking occupancy rate, in which ideally, there are one to two parking spaces available on each block. By lowering the rates for residents, the City hopes to encourage shifts from resident-congested parking zones to uncongested zones.
The plan was voted on again at the December 21st, 2022 meeting, where it was adopted by a vote of 7 to 2. At the time of the initial proposal, Councilman Joe Quintero told HG, “As our data shows that about 90% of those who park in business districts are non-residents, we see this price adjustment as a smart way to improve parking availability while adding a nice benefit to existing residents.
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In a press release, the City explained that there are several parts to the plan to improve street parking in Hoboken.
Amended Meter Rates for Residents
Resident On-Street Parking Permit holders will pay 50% less than the new $3 per hour meter rate at just $1.50 per hour in business districts, which is lower than the current $2 rate. The amended meter rates for visitors will be set at $0.75 per 15 minutes in accordance with the Hoboken City Council ordinance adopted last year.
Through a partnership with ParkMobile, when a resident with a valid Resident On-Street Parking Permit pays for parking through the ParkMobile app and enters their license plate number, the ParkMobile system will recognize the license plate number and automatically provide the resident with the discounted meter rate. Residents should check their ParkMobile settings to ensure their default license plate is the same license plate associated with their Resident On-Street Parking Permit.
The City will also provide local businesses with a promo code to share with their customers that will provide a 50 percent discount on metered parking in business district zones for up to 25 transactions per account.
Faster Turnover for Spots
To increase parking availability for residents with Resident On-Street Parking Permits in more residential areas of the city, meter rates on the “visitor sides” (white signs, green lettering) of most permit parking zones will change to $0.50 per 15 minutes.
Residents with Resident On-Street Parking Permits, as well as those with Virtual Visitor Parking Permits and Business Permits will continue to be exempt from paying at the meter in all permit parking zones.
The changes are designed to incentivize visitors to the visitor parking system and to offer discounts to residents. “The new meter rates are designed to make it easier for customers to patronize our local businesses,” said Mayor Ravi S. Bhalla in a statement. “At the same time, we are excited to be offering a new 50 percent discount for residents.”
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“Small businesses have asked HBA to work with the City to make parking and shopping easier in our business districts, and the increased turnover that the new meter rates will bring aims to do just that,” said Hoboken Business Alliance Executive Director Roxanne Earley. “The HBA looks forward to continuing to work with the City of Hoboken to find parking solutions that help our businesses connect with customers.”