A new report demonstrates that restructured parking fees could resolve a significant portion of Manhattan's traffic congestion, without the need for London-style congestion pricing.
"Free parking, it turns out, isn't free. A new study by transportation guru Bruce Schaller finds that free parking in Manhattan's Central Business district is responsible for a significant amount of New York City's staggering traffic congestion."
"Last year, Schaller's groundbreaking study, "Necessity or Choice: Why People Drive in Manhattan" found that a whopping 80 percent of the motorists driving into Manhattan's Central Business District have viable transit options. The study released today builds on those findings and begins to answer the question: Why do people choose to drive into Manhattan rather than using transit?
One of the answers to this question, it turns out, is that lots of people have access to free parking and on-street parking priced far below market rates."