Hochul’s $9 congestion toll gamble would help MTA but sacrifice traffic relief

Gov. Kathy Hochul is looking to revive congestion pricing with reduced tolls before President-elect Donald Trump has a chance to kill the program, albeit with a lower charge that likely would diminish the plan’s impact on easing Manhattan traffic.The governor is in talks with federal transit officials about implementing congestion pricing with a $9 peak toll — down from a previously planned $15 — and if such a change could require lengthy approvals, according to two people familiar with the matter. Politico first reported the discussions. State law requires that congestion pricing generate enough annual revenue for the Metropolitan Transportation Authority to finance $15 billion in mass transit upgrades. Economist and traffic modeler Charles Komanoff modeled the change and found the $9 peak toll could hit that mandate, but at the cost of taking less street-clogging vehicles off the road.Transit officials have long anticipated congestion tolls could curb car traffic to the district by about 17% — thereby making it easier for drivers and trucks carrying goods that must utilize the road to navigate Manhattan’s busiest streets. New modeling by Komanoff determined that simply tweaking the peak toll to $9 would generate the $1 billion in annual revenue needed for the MTA to borrow against. The downside is the lower peak toll would only initially improve traffic speeds south of 60th Street by 6.4% and rise to a 12.4% enhancement once expected street improvements are implemented... Continue reading at 'Crains New York'

[ Crains New York | 2024-11-13 11:03:11 UTC ]
News tagged with: #white house #president-elect vowed #week back #congestion mitigation #environmental protections #surrounding areas #toll credits #board adopted #additional tweaks #formal proposal #gradually increasing #transportation advocates #lisa daglian #hard place #somos

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Hochul’s $9 congestion toll gamble would help MTA but sacrifice traffic relief

Gov. Kathy Hochul is looking to revive congestion pricing with reduced tolls before President-elect Donald Trump has a chance to kill the program, albeit with a lower charge that likely would diminish the plan’s impact on easing Manhattan traffic.The governor is in talks with federal transit... Continue reading at Crains New York

[ Crains New York | 2024-11-13 11:03:11 UTC ]
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9 Books About the Spanish Civil War

If you’ve read only one book about the Spanish Civil War, chances are it’s either Ernest Hemingway’s novel For Whom the Bell Tolls or George Orwell’s memoir Homage to Catalonia. And if you’ve read only two, as to what they might be, I’d confidently push all my chips into the center of the... Continue reading at Electric Literature

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South Arts Launches Multi-State Hurricane Relief Fund for Writers, Artists

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Media Briefing: European publishers sound off on site traffic struggles

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For Reach plc, Google Discover has offset search-driven traffic declines

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The Best Children’s eBooks Deals of October 9, 2024

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Amazon announces the return of Prime Big Deal Days on October 8 and 9

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Amazon Prime Big Deal Days dates announced: The fall Prime Day sale returns on October 8 and 9

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[ Publishers Weekly | 2024-09-06 04:00:00 UTC ]
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This Week’s Bestsellers: September 9, 2024

Hannah Grace scores the #1 book in the country with ‘Daydream,’ book three in her Maple Hills college hockey romance series. Plus ‘Amari and the Despicable Wonders’ continues B.B. Alston’s popular middle grade fantasy series, and, just in time for back to school, ‘Feeding Littles Lunches’ offers... Continue reading at Publishers Weekly

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9 of the Most Polarizing Science Fiction Books to Love or Hate

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9 Books About Haunted Asian Girls

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The Week in Libraries: August 9, 2024

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