Early reports claim that New York City’s so-called congestion pricing program is a great success, reducing the number of vehicles driving into lower Manhattan by 5 to 6 percent. However, because it really isn’t congestion pricing — that is, it doesn’t price roads by how much congestion there is but just charges people for crossing a line — it is likely that traffic will bounce back just as it did when London imposed a similar cordon pricing scheme.
Manhattan traffic before cordon pricing. Photo by Rachel Maddow, yes, that Rachel Maddow.
Worse, the traffic monitors at INRIX have found that cordon pricing effectively exported congestion out of lower Manhattan and into other parts of the New York urban area. The result has been a net overall slowdown of traffic. The region’s travel speeds were 3 percent slower during morning rush hour and 4 percent slower in the afternoon. People working downtown benefitted from the program; everyone else was hurt. Continue reading
