County officials on Tuesday approved an increase in parking rates at Sacramento International Airport, paving the way for rates to increase each of the next five years.
The Sacramento County Board of Supervisors voted unanimously to authorize the county’s Airport Service to increase the maximum daily parking rate by up to 5% per year from 2023 to 2027, for the first parking rate increase at the airport in over five years.
Current daily maximums at Sacramento International Airport are $29 for hourly parking, $18 for garage parking, $12 for daily parking, and $10 for economy parking. The county-operated airport last increased the garage parking rate by $1 per hour in May 2017; the other three rates have been in place since 2012.
According to the planned increases, the daily maximum would increase to the hourly lot from its current level of $29 to $30.50 next year, then increase by $1.75 per year until 2026, and by $2 from 2026 to 2027 to bring the new maximum to $37.75.
The garage maximum would increase to $19 next year and $23.50 by 2027; the daily lot from $12.75 in 2023 to $15.75 in 2027; and the economy lot from $10.50 to $13.50 in the same stretch.
The first round of increases could come as early as January 1.
The rate increases are being used to keep pace with inflation and help fund several improvement projects, most related to parking and ground transportation at the airport, according to a county staff report accompanying the update. Tuesday’s agenda. The report also notes that parking rates at the airport are currently lower than comparable lots and garages in downtown Sacramento.
Recent construction projects and the paving of parking lots have limited parking spaces at the airport, leaving availability “scarce” during periods of high demand, according to the report.
Sacramento International Airport currently has about 18,000 paid parking spaces, according to Sheri Thompson, deputy director of operations and maintenance for the county’s Airports Department.
Thompson said 2019 was the busiest year ever for air traffic at Sacramento International, and that volume almost completely rebounded after the coronavirus pandemic dented flight demand in 2020 and 2021. .
“We’ve moved now from recovery to growth,” Thompson said at Tuesday’s meeting. “We are concerned that we are on the verge of running out of parking this calendar year, and because of this, we have constructed and developed temporary and emergency parking plans.”
Thompson said these temporary parking plans do not include revenue controls, making it increasingly urgent to expand permanent parking, which the rate increase would help fund.
A group of planned airport improvements, which the county has labeled “SMForward,” include a new parking lot, a new pedestrian walkway at Terminal B, and the rehabilitation and expansion of existing economy lots. These projects, which are expected to cost more than $372 million, are expected to be completed by 2025.
The county report says parking accounts for 54% of the airport’s non-airline revenue, generating $65 million annually. The 5% increase would generate approximately an additional $47 million over the next five years.
In a separate paper at Tuesday’s meeting, the board also unanimously authorized an $8 per transaction day fee to be collected from car rental companies at the airport, tripling the amount currently collected by the count.
The county now levies a $10 fee on every rental transaction by airport-based rental companies. Moving to a daily fee system would more than triple the fee per transaction: the average duration of a car rental at the airport is about four days, according to the diary report, so charging $8 per transaction day would increase the fee per transaction. at around $32 from the current $10.
Revenue from the increased fees will go towards the construction of a consolidated $390 million car rental facility at the airport.
The rental fee change will also come into effect in early 2023.