Parking rates could increase in Honolulu to fund rail

Parking rates could increase in Honolulu to fund rail

The Honolulu City Council is considering increasing parking prices and enforcement hours in an effort to raise $4 million for its rail project.

The Honolulu Star-Advertiser reports the City Council is scheduled to make a final decision on the bill during its June 7 meeting. Some parking rates in Waikiki and at downtown metered stalls could double in price under the proposal.

Mayor Kirk Caldwell has written the proposal to combat the rail project being massively over budget. The estimated price tag for the project has increased from about $5 billion in late 2014 to as much as $10 billion today.

Caldwell is calling on the city to have more "skin in the game" to fund the rail, but some residents are not excited about the parking changes.

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