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Parking rates may increase at Iowa, ISU & UNI – depending on action by the Board of Regents

News

March 7th, 2024 by Ric Hanson

(Urbandale, Iowa) – The Iowa Board of Regents could increase University parking rates and violations/sanctions for the upcoming year for the University of Iowa, Northern Iowa University and Iowa State University. Action on the issue is scheduled for the April Board meeting.

The University of Iowa last approved increases for permits in FY 2016. On average, rates will increase $2.30/month for faculty/staff permits, $1.50/month for student permits, and $9.00 for citations. No hourly rate increases are proposed.

Iowa State University’s parking system, including the Memorial Union parking ramp, would, on average, see a 3-percent increase in annual and an academic-year basis. Hourly rates are unchanged for FY24.

The University of Northern Iowa‘s proposal has no change in the meter rates over FY24, and a general increase of 2.5% for most other parking fees, except for Resident Hall preferred (an 8.1% increase), and a Student Temporary parking fee increase of 4%.

Additional revenue generated from the proposed rate increases, effective August 1, 2024, would be used to help: (1) fund reserves used for parking lot repair and renewal; and (2) cover inflationary costs.