Downtown parking meter rate increases are coming, too. Lightfoot hopes to bring in $7 million by charging 50 cents more per hour to park on the street in and around downtown. In the Loop the meters will go up to $7 per hour, and elsewhere south of North Avenue, north of Roosevelt Road and east of Halsted Street the meters will increase to $4.50 an hour. The city also will install new metered parking areas in the West Loop.