Albany Parking Authority Garage Tiered Rate Structure Guide

(Effective January 1, 2020)

 

  1. The base rate for a monthly account will be reduced from $140.00 to $135.00 per space per month. (Tier 1)
  1. For accounts with 15-24 spaces, the rate will be $125.00 per space per month. (Tier 2)
  1. For accounts with 25 spaces or more, the rate will be $115.00 per space per month. (Tier 3)
  1. If you wish to purchase more than fifty (50) spaces, contact This email address is being protected from spambots. You need JavaScript enabled to view it..
  1. The downtown residential rate will be $115.00 per space per month. Restrictions Apply.
  1. Any individual under a parking club, a month-to-month PIP or an existing residential parking agreement to 12/31/2019, your existing rate will increase by $3 per year until it reaches the $115 threshold or lowest tier threshold available at the time.
  2. PIP accounts scheduled to expire after 12/31/2019 will automatically convert to month to month, after completion of the contract and increase in rate $3 per year until they reach $115 threshold or the lowest tier threshold available at the time. The rate after expiration of any future PIP will be the current PIP escalation rate. Every January the rate will increase by $3.00 until the lowest current tier rate is reached.  
  1. Expired PRP accounts will automatically convert to month-to-month. The number of spaces on your account will determine the tier rate for new parkers. For current parkers the rate will increase by $3 per year until it reaches the designated tier based on the number of spaces. Any current rates higher than the designated tier will be adjusted to reflect the designated tier January 2020.
  1. For accounts that add or cancel parking space(s) that would change your tier level, the new tier rate will become effective the following month.
  1. If a space on your account is cancelled, it will be taken from the lowest priced parking rate on the account.

 

Any Questions, email customer service at This email address is being protected from spambots. You need JavaScript enabled to view it.

Or call us at 518-434-8886 ext. 107.

The Albany Parking Authority will be performing some maintenance and repairs in the Central Avenue parking lots on 8/27/19 and 8/29/19. Please see the following schedule for closures and redirection to other lots during closed dates.

 

8-27-19                                                      8-29-19

CLOSED                                                            CLOSED

Lot 1 (48 Central Ave)                                         Lot 7 (241 Central Ave)

Lot 3 (327 Washington Ave)                                 Lot 8 (289 Central Ave)

Lot 5 (170 Central Ave).                      

OPEN                                                                   OPEN

Lot 2 (72 Central Ave)                                           Lot 2 (72 Central Ave)

Lot 4 (124 Central Ave)                                         Lot 3 (327 Washington Ave)

Lot 7 (241 Central Ave)                                         Lot 4 (124 Central Ave)

Lot 8 (289 Central Ave).                                       Lot 5 (170 Central Ave)

                                                                             Lot 6 (223 Central Ave)

8-28-19                                                

CLOSED

Lot 2 (72 Central Ave)

Lot 4 (124 Central Ave)

Lot 6 (223 Central Ave)

OPEN

Lot 3 (327 Washington Ave)

Lot 5 (170 Central Ave)

Lot 8 (289 Central Ave)

We apologize for any inconvenience. Thank you.  

The water dept. is performing some emergency repairs and will be closing the entrance to Central Ave, Lot 5 (170 Central Ave) starting Monday 8/12 to Friday 8/16 but will reopen the lot if they complete the repair sooner. During this time we would like customers to park in our other lots located at 124, 223, 241 Central Ave and 327 Washington Ave. We apologize for the inconvenience. Thank you.  

For Immediate Release

July 17,  2019

Media Contact: Andrew Mangini 518-598-6324, This email address is being protected from spambots. You need JavaScript enabled to view it.

Albany Parking Authority, Albany Center Gallery, Albany Barn Reveal Plans for Two Additional Murals Downtown

 

Artists contributing to downtown revitalization set to begin work this week

 

ALBANY, NY – The Albany Parking Authority, Albany Center Gallery and Albany Barn today detailed plans for the next two murals to be unveiled downtown.

The creations will leave Albany with eleven #CapitalWalls murals throughout downtown, the result of a partnership over the last few years, which also included two murals by artists Arzu Fallahi and Vanessa Mastronardi earlier this year. These new murals will play a key role in highlighting the future Skyway project, which will turn an underutilized offramp into a pedestrian connector to the waterfront. Also, this area of downtown will see significant investment from the Downtown Revitalization Initiative funding that was announced last year.

For the next two murals, artists John Breiner and NDA are bringing their creative touch to Albany, embracing the city’s past and future through their work. Breiner plans on portraying the intimacy between nature and transportation. Work on each mural will begin within the next two weeks.

“My work is highly-inspired by nature, the passing of time, and the reclaiming of surfaces,” said Breiner. “Upon visiting the location, I was intrigued to learn that Herman Melville, the author of Moby Dick, spent his childhood living amongst the views of the Hudson River, here in Albany. It inspired me to paint a nod to his story and his love for the sea.”

Also noting the importance of such transportation methods to Albany’s history, NDA’s abstract mural will take aim at the relationship between industry and environment.

“The grey and copper areas reference building and industry, while the blue speaks to the Hudson and its historical importance in transportation,” said NDA.

“Art plays a key role in building community and a sense of place, and we’re fortunate to live in a city that encourages public access to art for its residents and visitors. I am thrilled to be part of an effort to highlight creatives who share stories through their art and produce inspiring works that can enrich and transform spaces that have been passed by for decades,” said Tony Iadicicco, Executive Director of the Albany Center Gallery and Curator of Capital Walls.

 

““The partnership between the Albany Parking Authority, the Albany Center Gallery and the Albany Barn on the Capital Walls project has created truly great public art in downtown Albany. As Albany continues to grow and become more walkable, public art is a key to establishing the City’s vibrancy. Once again, we are proud to be investing in placemaking that further denotes Albany as a destination for both residents and visitors alike to discover the great things our City has to offer,” said Albany Parking Authority Executive Director Matthew Peter.

“The City could not be more excited for another splash of color to be added downtown, especially when focused on industry and transportation that has shaped how and where we each work today. The City applauds all of the partners and we can’t wait to see the finished pieces of art,” said Albany Mayor Kathy Sheehan.

“The City of Albany is a tremendous partner with the Department of Transportation, and we continue to collaborate on a number of projects for the betterment of its residents. We are pleased to be part of this city-state partnership, which will help intertwine the City’s infrastructure with a vibrant arts scene,” said New York State Department of Transportation Region 1 (Capital Region) Director Patrick Barnes.

“As we continue to work through another mural season, it is encouraging to have such positive public response to a project that has created opportunity for local artists, brought internationally renowned artists to work in downtown Albany, and transformed ordinary spaces into vibrant and valuable public assets,” said Kristen Holler, Executive Director of the Albany Barn. 

 

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About the Albany Parking Authority 

The Albany Parking Authority’s mission is to provide secure, convenient and affordable parking in support of economic development in the City of Albany. The Albany Parking Authority manages more than 5,000 parking spaces to serve those that live, work or visit New York’s Capital. The Authority was established in 1983 and is authorized to construct, operate and maintain city public parking facilities. The Authority receives no tax support or Federal, State, City or private grants. 

 

FOR IMMEDIATE RELEASE: February 12, 2019

Media Contact: Andrew Mangini (518) 326-6400 or (518) 598-6324

 

Albany Parking Authority’s Bond Rating Raised to A-

Stable Outlook according to S&P Global

ALBANY, NY – The Albany Parking Authority’s bond rating increased from BBB+ to A- as a result of S&P Global’s updated rating criteria. The A- rating comes from an assessment of the Authority’s robust enterprise and financial risk profiles.

“An increase in the Albany Parking Authority’s bond rating is a testament to the Authority’s thoughtful financial planning over the past few years,” said Albany Parking Authority Board Vice Chairman Jeff Sperry. “We hope to continue investing in Albany’s economy through partnerships that provide visitors and residents with innovative parking solutions, including our recent addition of new meters and our ParkAlbany app.”

“The system's management and governance is strong, in our view, reflecting our view of its strategic positioning, risk and financial management, and organizational effectiveness,” wrote S&P Global in their report.

The Authority’s bonds are secured through the parking garages, lots, on-street parking and a debt service reserve. S&P Global forecasts a positive two-year financial outlook for the Authority with approximately $13.3 million in bonds outstanding, manageable capital requirements and no debt plans.

"The stable outlook reflects our expectation that the system's net revenues will continue to provide coverage at or near levels we consider strong," added S&P Global Ratings credit analyst Kevin Archer.

The Albany Parking Authority provides the city’s public parking through approximately 2,001 on-street metered parking spaces, three parking garages and nine surface lots.

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About the Albany Parking Authority

The Albany Parking Authority’s mission is to provide secure, convenient and affordable parking in support of economic development in the City of Albany. The Albany Parking Authority manages more than 5,000 parking spaces to serve those that live, work or visit New York’s Capital. The Authority was established in 1983 and is authorized to construct, operate and maintain city public parking facilities. The Authority receives no tax support or Federal, State, City or private grants.