Environmental Valuation & Cost-Benefit News
New York Times Editorial: Mass Transit Needs Congestion Pricing
03/05/08
10:00:38 am, by damageva 
, 155 words, 275 views 
Categories: General, New York City, Transportation, Sprawl & Smart Growth, Newspaper/Mag/TV/Media Story, Regulatory Analysis, Costs and Benefits, Opinion (Not Likely Ours EV&CBN)
New York Times Editorial: Mass Transit Needs Congestion Pricing
The Metropolitan Transportation Authority says it will need $29.5 billion over the next five years for system improvements, including buying new subway cars, upgrading signals and expanding. ...The question is how to find all that cash without sticking up riders again. A big part of the answer should be congestion pricing.
...
Congestion pricing, of course, has many other virtues. New Yorkers would enjoy the health and economic benefits of less gridlock and tailpipe emissions — and faster commutes. Getting money to help fix mass transit is yet another reason why the City Council and state lawmakers should approve congestion pricing....
A proposal by a joint state-city commission calls for charging most drivers $8 to use Manhattan’s busiest streets. The commission projects that it would bring in nearly $500 million annually for mass transit....
...
FOR FULL EDITORIAL GO TO:
http://www.nytimes.com/2008/03/05/opinion/05wed4.html?th&emc=th
The New York Times www.nytimes.com
Published: March 5, 2008
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