Parking rates to drop by half at two lots in East Liberty
The Pittsburgh Parking Authority this morning agreed to lower meter rates in two East Liberty lots to 50 cents from a dollar an hour.
East Liberty Development Inc., a nonprofit neighborhood group, requested the change in an attempt to induce more turnover of on-street parking.
Parking costs 75 cents an hour on the street.
The new rate will be in effect for at least four to six months in the lots at Sheridan Avenue and Kirkwood Street and Sheridan and Harvard Street. East Liberty Development will reimburse the authority for any lost revenue during the trial period.
The authority also authorized Executive Director David Onorato to seek proposals from consultants for a study of a proposed parking garage where the Saks Fifth Avenue building on Smithfield Street now stands. The Urban Redevelopment Authority wants to buy the empty building and build a 500-space garage. The authority would own and operate the garage.