The New York Times recently mentioned an opinion piece by RXR Chairman and CEO Scott Rechler and David Garten, Senior Advisor to RXR, regarding a potential path forward for congestion pricing in New York City.
“The program that Hochul paused required the M.T.A. to raise $1 billion annually with limited flexibility or room for exceptions,” they wrote. “A more gradual approach could begin with targeted measures, such as charging commercial trucks or slow-moving tour buses. By learning from London — the first city to implement congestion pricing with an initial fee that was half the $15 charge for passenger vehicles proposed today, we could start with a much smaller fee to build wider support.”
