New Increased Parking Rates Take Effect This Spring
New rates go into effect on April 1
At the open public meeting of the Montclair Parking Authority held on Wednesday, Feb. 22, the Board of Commissioners approved new parking rates effective with the permit cycle which begins April 1, 2012. The new rates are as follows:
Bay Street Station Parking Permits—$360.00
Walnut Station Parking Permits—$360.00
Watchung Station Parking Permits—$360.00
Upper Montclair Train Station Parking Permits—$360.00
Mountain Avenue Station Parking Permits—$300.00
Montclair Heights Station Parking Permits—$300.00
Overnight On-Street Parking Permits—$270.00
Overnight Off-Street Parking Permits—$270.00
All train station parking permits are now valid 24 hours a day, 7 days a week. Permit holders will now be allowed to park overnight in all transit lots without needing to purchase an additional overnight permit.
Overnight permit hours have been extended to cover 5 p.m. to 9 a.m. This is an increase in one hour in the evening and one hour in the morning to better accommodate parking needs.
Non-transit daytime parking rates are not anticipated to be increased until 2013.
Crescent Deck at Montclair Center Permits
Daytime Permits $70.00 per month
Overnight Permits $60.00 per month
24/7 Permits $130.00 per month
Daily Parking at Bay Street Station
Daily Space Parking $7.00 per day
These increases are necessary in order to meet the financial obligations of the Authority in respect to the anticipated lease payments due to the Township, debt service on the construction of the Crescent and Bay Street Parking Decks and various other capital improvements, as well as the future funding of capital improvements to the parking system in Montclair