At Monday’s Traffic Congestion Mitigation Commission meeting, an agency research team led by NYCDOT presented ten scenarios (out of several hundred possible scenarios) to the commissioners showing modifications or alternatives to Mayor Bloomberg’s original congestion pricing plan.
First introduced was the Mayor’s original plan with revised projections due to a recent update of the NYMTC (New York Metropolitan Transportation Council) model. The revised model raises the reduction of Vehicle Miles Traveled under the Mayor’s plan from 6.3% to 6.7% and increases annual net revenue to $420M from initial projections of $380M.
(The graphic is an excerpt from a comparison of pricing scenarios distributed at Monday’s meeting; the excerpt compares the Mayor’s original plan with the four cordon pricing scenarios which raise the most annual net revenue for transit. For the entire table, click here.)
Two particularly intriguing scenarios included variable tolling. The first would charge a one-time fee for cars entering the pricing zone only (60th Street is defined as the northern boundary in this scenario). Cars leaving the zone would not be charged. The fee would be in effect for 12 hours (6 am to 6 pm) but the amount of the fee would vary depending on the time of day: $10 between 6-10 am; $8 from 10 am – 2 pm; and $6 from 2 pm – 6pm. According to the NYMTC model, this scenario would reduce VMT by 6.8% (0.1% above the city’s plan) and generate $464M in net revenue (an increase of $44M from the original plan). The costs of both implementing and operating this option are significantly less, $73M and $62M respectively, than the original proposal which put costs at $224M and $229M.
» Continue reading…