SEPTA Announces End of Free Parking at Regional Train Stations
The Southeastern Pennsylvania Transportation Authority (SEPTA) has announced plans to eliminate free parking at its regional train stations, starting in 2023. The decision comes as part of SEPTA’s ongoing efforts to balance its budget and improve its financial stability. The agency faces a projected budget deficit of $200 million in 2023 and has been exploring various revenue-generating options. According to SEPTA, free parking at regional train stations has been a substantial financial drain on the authority. In 2022, free parking cost SEPTA approximately $13 million in lost revenue. Beginning January 1, 2023, commuters will be required to pay for parking at all regional train stations. The parking rates will vary depending on the location of the station and the time of day. *
Weekday peak hours (6:00 AM – 10:00 AM, 3:00 PM – 7:00 PM):
$8 per day *
Weekday off-peak hours (10:00 AM – 3:00 PM):
$5 per day *
Weekends and holidays:
$3 per day SEPTA will offer monthly parking permits for those who park regularly at train stations. The cost of the permits will be: *
Monthly weekday peak pass:
$150 per month *
Monthly weekday off-peak pass:
$100 per month Commuters who purchase monthly permits will also have access to preferred parking spaces at the stations. SEPTA recognizes that the elimination of free parking may be an inconvenience for some commuters. However, the agency believes that the additional revenue generated will help to improve the overall quality of service for all riders. The authority plans to invest the additional revenue in capital improvements, such as new trains, track upgrades, and station renovations. SEPTA also intends to use the funds to expand its bus and trolley service in underserved areas. Commuters are encouraged to plan ahead and explore alternative transportation options, such as biking, walking, or taking public transportation to the train stations. SEPTA offers a variety of reduced-fare programs for low-income riders and seniors. SEPTA is committed to providing affordable and reliable transportation options for the Philadelphia region. The elimination of free parking at regional train stations is a necessary step to ensure the long-term financial stability and quality of the system.
SEPTA to End Free Parking at Regional Train Stations
Philadelphia, PA –
The Southeastern Pennsylvania Transportation Authority (SEPTA) has announced plans to end free parking at its regional train stations.
Effective Date:
The new policy will take effect on
August 1, 2023
.
Reason for Change:
SEPTA cites the need to increase revenue and discourage single-occupancy vehicle trips to its stations. The agency plans to invest the additional revenue in improving service and infrastructure.
Parking Fees:
The cost of parking will vary depending on station and time of day. Fees will typically range from
$3 to $8 per day
.
Exemptions:
* Passengers with a valid SEPTA Key card will receive a reduced rate. * Passengers with disabilities and active military members will be exempt from fees.
Alternative Transportation Options:
SEPTA encourages passengers to consider alternative transportation options, such as: * Public transportation buses and trolleys * Ride-sharing services * Biking * Walking
Reaction:
The decision has drawn mixed reactions. Some commuters have expressed concerns about the cost, while others support the effort to reduce traffic congestion and improve air quality.
Additional Information:
* Parking fees will be payable through the SEPTA Key app or at pay stations. * Passengers can find more information on the new parking policy on the SEPTA website. SEPTA emphasizes that the decision to end free parking was made after careful consideration and is necessary to ensure the future sustainability and improvement of its transportation services.
