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More than a decade after New York came close to enacting the country’s first-ever congestion pricing program, it’s finally becoming a reality.
A tolling structure for Manhattan’s central business district (CBD)—roughly defined as the area below 60th Street in the borough—passed as part of the FY2020 budget, as both a means for reducing the traffic that clogs city streets, and introducing a new stream of revenue for the perpetually cash-strapped MTA.
— Curbed NY
"New York’s congestion pricing move may also lead other cities to implement their own traffic surcharges—Boston, Los Angeles, and Seattle are among the municipalities that have been considering it," writes Curbed. View full entry
You can’t build your way out of congestion. It’s the roads themselves that cause traffic. The concept is called induced demand, which is economist-speak for when increasing the supply of something (like roads) makes people want that thing even more. [...]
What [economists] Turner and Duranton (and many others who’d like to see more rational transportation policy) actually advocate is known as congestion pricing. This means raising the price of driving on a road when demand is high.
— wired.com
