Congestion pricing, done right (details matter), mitigates a downside of urban density: traffic congestion. Professor John Rennie Short explores the history of congestion pricing, its application in Singapore and London, and why it's good for NYC.
Value capture, collecting tax increment from subway adjacent properties to help provide money needed to repair the 114-year old subway system, is proposed by New York Gov. Andrew Cuomo and opposed by the New York City Mayor Bill de Blasio.
Over 1,600 new subway cars may be ordered, a minimum of 200 with open gangways, by the Metropolitan Transportation Authority. The first 500 will be purchased from the Japanese company, Kawasaki, to be assembled in Yonkers and Lincoln, Nebraska.
While the city determines where to place parking meters and how much to charge, when it comes to charging tolls to drive in Manhattan, the city's elected leaders are excluded from the political process.
Motorists and truckers would pay tolls to drive south of 60th Street in Manhattan while passengers in taxis and ride-hailing vehicles would pay a surcharge under a plan released Friday by the Fix NYC panel convened by Gov. Cuomo in October.