The Real Estate

In State of The City, Not Too Many Words on Congestion Pricing

Azi Paybarah.

Congestion pricing, a signature defining initiative of Mayor Bloomberg’s second term, managed but two quick mentions in today’s 6,200-word State of the City address. With days left until a state/city commission releases a recommendation on the issue and a looming deadline of March for state legislative approval, this is all Mr. Bloomberg, speaking between mentions of greening existing buildings and a plug for the already approved No. 7 subway line extension, had to say, according to a transcript:

“With the State’s blessing, we’ll also use technology to create a system of congestion pricing - something no other American city has done. It will help us achieve four critical, inter-connected goals: reducing traffic congestion; raising money for mass transit; improving our air quality; and fighting climate change.”

Full text available at The Observer’s Politicker blog.

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Niccolo Machiavelli (not verified) says:

Congestion Pricing is really a pro-real estate values program. How else to achieve a more intensely active city economy where people still want to live? How else to rebate property taxes and still restore city funding to the MTA (and again drive property values)?

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