Pricing Traffic, Pacing Growth

ULI senior resident fellow Robert T. Dunphy offers a preview of various congestion pricing experiments underway internationally and in the U.S.: "Pricing in America today is where transit was in the 1980s, when there were a few new rail systems in San Francisco, Washington, D.C., and San Diego—with many more in the works. Debates raged about whether the new transit investments were effective and whether light rail would work in nontraditional cities, especially in the Sunbelt. Today, there is one major pricing experiment going on in London, and a mixed bag of new toll roads and high-occupancy and toll (HOT) lanes in operation, with considerable debate over their role as part of a regional strategy."