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THE LOGIC OF PARKING RATE HIKES

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Cyrus Haghighi owns a food and gift shop in Chicago's Andersonville neighborhood, which has become a retail hot-spot in recent years. Haghighi worries suburbanites will avoid his shop once Chicago hikes its parking prices. (Photo by Shawn Allee)

Nobody likes to pay more than they need to for parking, but a lot of cities are bumping up the price lately. Chicago's going with one of the biggest hikes. In most neighborhoods prices are doubling, and they'll jump again and again for years to come. Shawn Allee wondered what might happen to businesses when parking gets pricier:

A related article from the Chicago Sun Times

A related article from the Chicago Tribune

Producer: Shawn Allee
Release Date: December 22, 2008
Running Time: 3:39

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