The City of Port Phillip has reduced parking fees around Waterfront Place. From April to September the hourly fee will be $1.80 per hour compared to $5.10. The BCNA has advocated for a review of parking policy as has the traders at Waterfront Place and the Port Melbourne Business Association.
The reduction is part of a two-year trial in St Kilda and Port Melbourne to help encourage greater activity in these areas. Further details can be found here.