Lower Merion Township is reviewing its first parking meter rate increase in 25 years, a move aimed at balancing revenue needs with support for local businesses. Most meters would rise from $0.50 to $1 per hour, while select high-demand meters in the Ardmore Business District could increase to $1.50 per hour. Rates at the Cricket Avenue Parking Garage are expected to stay at $0.50 per hour.

Why the Increase Is Proposed

Officials cite several reasons for the proposed change:

• Adjusting for inflation after 25 years without a rate increase

• Covering parking maintenance costs

• Discouraging employees from occupying long-term customer meters

• Encouraging faster turnover, which can benefit local shops and restaurants

The township projects the rate adjustment could generate approximately $900,000 in additional revenue, which could be reinvested into parking infrastructure and maintenance.

Support from Local Authorities and Businesses

The proposal has received unanimous approval from the Lower Merion Police Committee and support from local business associations, signaling a strong alignment between municipal goals and community interests. The next step is for the proposed ordinance to move forward for final approval.

What This Means for the Community and Real Estate

For residents, employees, and visitors, the change could impact daily parking habits, particularly in high-traffic areas like Ardmore. For property owners and investors, improved parking turnover can make commercial spaces more accessible, potentially increasing foot traffic and supporting local business growth.

As Lower Merion evolves to meet modern parking and transit needs, homeowners and buyers in the area may also see indirect benefits in neighborhood convenience and local amenities.

Source: Main Line Media News, November 10, 2025