NYC Toll Projected to Boost Economy by as Much as $1.3 Billion
- RPA report highlights economic benefit of reducing traffic
- New Jersey commuters save as much as 21 minutes with new toll
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New York City’s regional economy may gain as much as $1.3 billion annually as a new toll to drive along Manhattan’s busiest streets eases traffic gridlock and benefits business activity, according to a civic group focused on economic health.
The first-of-its-kind congestion pricing program began on Jan. 5, with most motorists paying $9 during peak periods to drive south of 60th street in Manhattan. The aim is to ease congestion in one of the most traffic-clogged urban areas in the world and raise $15 billion over time to modernize the city’s aging transit network.