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Demand-Based Parking Program Takes Effect In Downtown

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LOS ANGELES (CBS) — New fees for parking in downtown Los Angeles take effect Monday under a new program where prices will rise and fall with demand.

The demand-based plan is part of a year-long pilot program.

Parking fees will increase by as much as 50 percent to $6 per hour during the busiest periods. During slower times, parking could cost as little as 50 cents, down from the current $1 hourly minimum.

The program is for both curbside and city-owned lots.

Drivers will also be able to use cell phones and the internet to find open spaces and put additional money in meters.

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