Yes, parking in their on-site garage is free for the first 2 hours. After 2 hours elapses it's $5 for every additional 30 minutes, not to exceed $50/day. (i.e. 2 hours of free parking + $50 to park there for an additional 5 hours = $50 for 7+ hours in total.) It's not meant to be a long-term parking garage - you can find a better rate elsewhere in the city if you're looking to park for the entire day. I'd imagine that the rates start over again if you're parked there for 24+ hours...but maybe don't try testing out that theory.
Is there free patking
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