SOURCE: Urban Mapping

Urban Mapping

August 05, 2009 10:59 ET

Chicago's Most Expensive Parking Lots Revealed

Parking Database Provider Urban Mapping Releases Parking Data for the Windy City

SAN FRANCISCO, CA--(Marketwire - August 5, 2009) - How do parking costs in Chicago stack up against other major U.S. cities? Well, it's certainly cheaper to park in the Windy City compared to New York City. However it can be more expensive than San Francisco. In addition, prices for off-street parking in the same general area of the city can vary greatly from one lot to another.

According to recently released data from Urban Mapping® and its URBANWARE® Parking database, the city's most expensive lot for a weekday morning costs $25 for the first hour, while a lot less than a block away costs $16 for the same hour and another option about two blocks away is only $12.

Further evidence of the large disparity between parking prices can be found when looking at all-day parking. To park from 9 a.m. to 5 p.m. on a weekday, the priciest lot costs $49. A lot less than a block away charges about one-fifth of that amount ($10 for the day).

The good news is help is on the way. Urban Mapping's data are available to be licensed by third-parties that wish to develop Web and mobile applications that allow people to find the best parking options in any given area of the city.

Highlights of the Chicago data include:

--  The city's most expensive hour of parking on a weekday morning ($25)
    can be found at the Omni Chicago Hotel (676 N. Michigan Ave.)
    --  Parking during the same time in New York City can cost up to
        roughly $35 per hour
    --  San Francisco's most expensive lot for the same time costs $17.75
        for the hour
--  The priciest lot for all day parking during the week ($49) is at the
    Swissôtel Chicago (323 East Wacker Dr.)
    --  Equivalent parking options in New York go as high as $73.50 and $54
        in San Francisco
    --  Parking at The Tides (360 East South Water St.) in Chicago for the
        same time costs $10
--  Visitors to the newly-named Willis Tower can park from noon to 2 p.m.
    at Towers Self Park (211 West Adams St.) for $31 or pay only $18 for
    the same time about 30 yards away (at 311 South Wacker Dr.)
--  Two hours of parking near the Tribune Tower on a weekday costs $24 at
    the priciest lot; an option one block away is only $14

About URBANWARE Parking

The URBANWARE Parking database provides thorough coverage of both public and privately-owned off-street and airport parking lots in the top 50 U.S. metropolitan areas and a level of data content that is unmatched in the industry. URBANWARE Parking may be licensed by periodic updates or via an API. All customers may take advantage of the product's rate calculator, which allows for highly accurate parking fees to be known when the journey is planned.

About Urban Mapping, Inc.

Urban Mapping's location-rich URBANWARE products enhance the value of local content for interactive applications. The company's flagship product, URBANWARE Neighborhoods, is a database of informal space and is used by all major portals, map platforms and Internet yellow page publishers, including Google, Yahoo!, Microsoft's Virtual Earth, Idearc's SuperPages.com, MapQuest and AT&T's YellowPages.com. Urban Mapping also offers databases of mass transit systems and off-street parking lots, as well as a novel geotargeting solution focused on the needs of local search. For more information about Urban Mapping, visit http://www.urbanmapping.com or call 415.946.8170.

Urban Mapping and URBANWARE are registered trademarks of Urban Mapping, Inc. All other names are trademarks and/or registered trademarks of their respective owners.

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