Parking Rate Increase for Fiscal Year 2025 (FY25)
Parking rates will increase in the fiscal year 2025 (FY25), the increase will take effect on September 1, 2024. Students will see an increase when purchasing their permit online. Exempt employees, this increase will be reflected in your October pay. For non-exempt employees, the increase will be reflected in your first pay in October. Non-benefitted employees will see an increase when paying for parking in September, and thereafter. All monthly rates increased by 10%.
These new rates were approved by the Chancellor and Board of Trustees (BOT).
Why do parking rates increase?
In addition to paying down the debt incurred from building parking garages, the costs for operating and maintaining a parking system with more 5,900 spaces, including 7 parking structures, 60 off-street lots, and spaces across the campus, are significant. Those costs increase over time due to inflation, and as the parking assets age, the costs of maintaining them increase.
Why did rates increase by the amount they did this year?
DU is committed to supporting sustainability, as outlined in the University of Denver Sustainability Commitment, Sustainability Commitment website . Reducing greenhouse gas emissions and achieving carbon neutrality by 2030, requires a holistic approach if we are to reach those objectives. Setting parking rates so that they encourage travel mode shift, away from single occupant vehicles, and to more sustainable modes such as transit, cycling, ride share, car sharing, and walking, supports the University achieving its sustainability commitments. You can find more information on the alternate modes of transportation offered at the University on the Mobility Services website.