OAKLAND (KCBS)— BART fares and parking fees are going up. The transit company’s board of directors overwhelmingly decided in a vote in Oakland on Thursday to approve the proposed hike.

Daily parking fees could be increased by 50 cents when lots are full with a cap at $3. West Oakland parkers will continue to be charged a flat $5 rate.

“It’s all very demand based. The idea is parking charges that are fair, but that also start freeing up spaces at the most heavily used stations,” said BART Board of Directors President Tom Radulovich.

Some parking rate increases could kick in beginning in April, with the rates going into effect at the rest of the stations about a year from now.

The board also approved incremental rate increases for a period of eight years. This will be tied to the rate of inflation beginning January 2014.

“Hopefully our riders will understand that we’re trying to keep their ride high-quality and a good value for money,” Radulovich said.

The $325 million raised from fare increases will go towards capital improvements, including new BART trains.

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