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I've attended the LBGP for since 1977. Never have I paid more than $10/day to park. If you want to park right next to the venue you may end up paying the big numbers aforementioned. On Friday and Saturday there is a lot of free parking on the street available, provided you get there early. None of the lesser priced or free parking will entail more than a 12 block walk.
The LBGP is one of CART's better run events. This is probably due to the efforts of Chris Pook. I expect if you do indeed attend that it will be a very enjoyable weekend for you.
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