Congestion Pricing
Thursday, June 28th, 2007Posted by Fred Jandt
Editor, Mass Transit
This year it seems like finding new and creative ways to fund transit (without, you know, funding transit) is the big story. New York City’s Mayor Bloomberg is pushing hard on one of the latest schemes to fund transit — congestion pricing.
Bloomberg holds up London as a shining example of this new funding mechanism. On the surface, it looks great. Anyone driving south of 86th street during certain hours (between 6 a.m. and 6 p.m.) has to pay a toll. For New York they are looking at tolling cars $8 and large trucks $21. This money would be used to fund the MTA and pay for some of the infrastructure the system would require.
As they say, though, the devil is in the details. Already the New Jersey Governor Jon Corzine has stated that his state’s mass transit systems aren’t prepared for the surge in ridership that could be caused by the congestion pricing and that the plan could have a lot of implications.
I’m not sure anyone is listening as both Chicago and Los Angeles have begun considering congestion pricing for their downtowns. So will it work? Well according to the London’s mayor it’s excellent.
In London they have seen a 20 percent drop in congestion, fewer car accidents, an increased transit system and better air quality. Sounds pretty good, no?
The potential problem is that London, like many other European cities, is already geared towards transit and can handle a 30 percent surge in ridership after initiating a congestion pricing plan.
Reports are out recently that New York’s subways are jam-packed with riders and the increased ridership from congestion pricing could not be absorbed by them. In fact, most of the ridership would have to be put on buses. Mayor Bloomberg’s plan calls for half the money gained from the plan to go towards a purchase of more than 350 buses.
But what about NJ Transit? Are they going to see some of that money? Won’t their ridership increase dramatically as well?
Congestion pricing sounds good on the surface, but unless you have the transit system in place to get those people who stepped out of their cars to their destinations, all it is going to do is tick people off or get them to drop some extra money and keep on driving — which kind of defeats the purpose.
Thanks for reading the MT Position, updated every Thursday.
