SMF public parking rates will rise for the first time in 5 years

Public parking rates at Sacramento International Airport will increase for the first time in five years. The Sacramento County Board of Supervisors on Tuesday unanimously authorized an increase of 5% per year for the next five years beginning in early 2023. A report on the council’s agenda said parking at the airport is already in short supply at times of high demand and that it could run out of parking for the 2022 holiday season. SMF parking rates are also lower than other airports in the Northern California area and have not kept pace with inflation, the report said. These are the current rates and what they may increase over the next five years. Economy Lot: $10 a day now, $13.50 in the next five years Daily Lot: $12 a day now, $15.75 in the next five years Garage Lot: $18 a day now, 23 .50 per hour site: $29 now, $37.75 going forward next five years. The funding will go towards five development projects — this includes more parking — for SMF as part of the Airports Department’s update of the airport’s master plan. Below are the five major development projects detailed in the “SMForward” program.Ground transportation hub between Terminals A and B for commercial transportation, including public transport buses, taxis, Uber, Lyft, complimentary hotel vehiclesSecond parking lotPedestrian walkway between Terminal B and BTerminal and the expansion of the hall 5-8 gatesConsolidated rental car facility The project is expected to cost $372,278,800. Parking is SMF’s largest single source of non-airline revenue, estimated at 54%, and will account for 31% of all airport operating revenue in FY2022, the report said. Most of the projects are scheduled to be completed by 2025.