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Effective July 3, BWH will increase employee parking rates by $5 per week, on a pre-tax basis, at all locations. The increase is the first for BWH parking rates since January 2008.
The hospital’s current rates, which are well below other Longwood Medical Area institutions, do not cover the cost of the parking program. While this increase will not cover the total cost of the parking program, it will offset some of the loss while moving BWH closer to market rates.
The employee parking subsidy currently costs the hospital more than $4 million each year.
Going forward, BWH will assess employee parking rates in the spring, and adjustments will be made effective July 1 annually. In addition, BWH continues to provide commuting alternatives for employees to consider, including a 50 percent subsidy on all MBTA passes, and access to car and van pools.
For more information about commuting alternatives, contact BWH Security & Parking at 617-732-5877.