EARLIER this month, New York Gov. Kathy Hochul announced that a 'congestion pricing' scheme for New York City would finally be implemented, with the goal being to relieve weekday gridlock in Manhattan and boost funding for the city's ailing public transportation system.
EARLIER this month, New York Gov. Kathy Hochul announced that a 'congestion pricing' scheme for New York City would finally be implemented, with the goal being to relieve weekday gridlock in Manhattan and boost funding for the city's ailing public transportation system.
If it is done right, the project, whatever it is, will see congestion equalize at a level slightly below what it was before. That is what has happened in London; what analysts have discovered is that less-congested streets appeal to drivers, and so those for whom the additional costs are not a burden return — but in slightly fewer numbers than before the congestion pricing scheme, although it may not be apparent to the casual observer.
Pricing As Traffic-Control Measure
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