Officials recently released an environmental assessment that analyzes seven different possible pricing schemes for New York City’s congestion pricing program.
The program, expected to begin in late 2023 or early 2024, would charge vehicles a fee for entering the city’s central business district in lower Manhattan south of 60th Street. The study examined the potential impact of various fee structures ranging from $5 to $23 for passenger cars and $12 to $82 for commercial trucks.
Emergency vehicles and those transporting people with disabilities would be exempt. Low-income residents who live inside the zone would be eligible for state tax credits.
All fee systems studied except one would raise at least $1 billion per year. The volume of vehicles entering the central district would decline by 15% to 20% and public transit ridership could increase by up to 2%, the study found.
The U.S. Department of Transportation must approve the city’s plan before it can be implemented.
Related Stories
| Apr 16, 2012
UNT lab designed to study green energy technologies completed
Lab to test energy technologies and systems in order to achieve a net-zero consumption of energy.
| Apr 16, 2012
Shawmut awarded Tag Heuer builds in Florida and Pennsylvania
Both projects are scheduled to be completed this spring.
| Apr 16, 2012
Batson-Cook breaks ground on senior living center in Brunswick, Ga.
Marks the third Benton House project constructed by Batson-Cook.
| Apr 16, 2012
Altoon + Porter Architects renamed Altoon Partners
The global practice, with offices in Los Angeles, Amsterdam, and Shanghai, specializes in retail, residential and mixed-use developments.
| Apr 16, 2012
Drake joins EYP as science and technology project executive
Drake’s more than 30 years of diversified design and project delivery experience spans a broad range of complex building types.
| Apr 16, 2012
$80 million in export financing for solar project in India
The project, “Rajasthan Sun Technique Energy Private Limited,” is a subsidiary of Reliance Power and is being co-financed by the Asian Development Bank and FMO, the Dutch development bank.
| Apr 13, 2012
Arcadis merges with Davis Langon & Seah
Merger will help company expand business in Asia.
| Apr 13, 2012
Goettsch Partners designs new music building for Northwestern
The showcase facility is the recital hall, an intimate, two-level space with undulating walls of wood that provide optimal acoustics and lead to the stage, as well as a 50-foot-high wall of cable-supported, double-skin glass
| Apr 13, 2012
Best Commercial Modular Buildings Recognized
Judges scored building entries on a number of criteria including architectural excellence, technical innovation, cost effectiveness, energy efficiency, and calendar days to complete, while marketing pieces were judged on strategy, implementation, and quantifiable results. Read More
