NYC Congestion Pricing Isn't Dead Yet

The prospect of a looming MTA deficit and rising transit fares is prompting a second look at congestion pricing in Manhattan, a project defeated by the state Assembly in April, notwithstanding a federal grant for $360 million.

"Facing a projected $900 million budget shortfall next year, the authority has proposed increasing transit fares twice in the coming three years, and has asked the city and state governments to provide hundreds of millions in additional aid.

At the heart of the changing dynamic are the politics of transit fare increases. Assembly Democrats killed a scaled-down version of Mr. Bloomberg's congestion pricing plan in April when they refused to bring it to a floor vote."

The state has rejected MTA's request for aid but asked them to "find alternative sources of revenue. They have said they are counting on a commission led by Richard Ravitch, a former transportation authority chairman, to devise a plan to rescue the agency from its deepening financial hole.

Enter congestion pricing. Asked in a recent interview how seriously the commission was considering elements of Mayor Michael R. Bloomberg's traffic revenue plan to provide money that could bail out the authority, Mr. Ravitch replied, "Very."

"Mayor Bloomberg has said that he sees no alternative. "Congestion pricing will come, in New York and lots of other cities, because it is the only way where you were going to do the two things that you need to do: reduce people driving and find money for mass transit," the mayor told reporters at the National Conference of State Legislatures in New Orleans last week."

Thanks to Mark Boshnack

Full Story: M.T.A. Shortfall Renews Talk of Congestion Pricing

Comments

Comments

Congestion Pricing Spreads

An article in Mobilizing the Region says that congestion pricing has been implemented in Milan, Italy, and Valletta, Malta, and has been approved but not yet implemented in Tel Aviv, Israel, and Shenzhen, China. It is also being discussed in Seoul, Manchester, Abu Dhabi, Bangkok, and Jakarta.
http://blog.tstc.org/2008/08/28/congestion-pricing-worlds-new-traffic-pa...

Charles Siegel

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $209
Red necktie with map of Boston

Tie one on to celebrate your city

Choose from over 20 styles of neckties imprinted with detailed city or transit maps.
$44.95
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95