Commissioners warm to plan that moves congestion border south

Jan.January 10, 2008 06:08 PM

A state commission studying the city’s congestion-pricing plan inched today toward moving Mayor Michael Bloomberg’s proposed congestion zone from 86th Street south to 60th Street.

At a wonky but sometimes contentious meeting this afternoon, the commission reviewed five plans and hinted at interest in one that adds a charge on taxis and moves south the zone that would charge drivers $8.

The 17 commissioners, who will make a final recommendation on the congestion pricing plan to the State Legislature on Jan. 31, have tried to remain above the political fray during their four months of work. But they might have exposed themselves to more political theater by announcing six extra public hearings during the week of Jan. 21, in the four outer boroughs and Nassau and Westchester counties. (A meeting on Jan. 16 has already been announced at Hunter College.)

“And at the end of the month,” said chairman Marc Shaw as the meeting adjourned, “we’ll figure out what we’re doing.”

Advisors with knowledge of the mayor’s strategy told The Real Deal that he will embrace any plan which meets requirements for the federal grant he sought last spring. Those terms require a plan to reduce daily central vehicle miles by at least 6.3 percent, the target in Bloomberg’s initial scheme, and to use driver tolls or fees to fund mass transit. What’s been called the “alternative congestion pricing” plan, which charges drivers only when they enter a zone rather than when they enter and exit, could meet those goals while remaining politically palatable.
In October, The Real Deal reported that most commercial and residential real estate brokers, public policy experts, transportation advocates and business industry representatives said they expected any reduction in car traffic to benefit the real estate industry, not harm it.

Experts noted that Manhattan apartments on busy avenues could benefit from reduced gridlock, and neighborhoods in the outer boroughs that are considered “choke” points for traffic coming into Manhattan could also see improvements in property values.

Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Minneapolis tops the list of best places to recover from divorce (Credit: iStock)

The best (and worst) cities for divorcees

Sidewalk Labs CEO Dan Doctoroff and a rendering of the tower (Credit: Sidewalk Labs/Michael Green Architecture and Gensler)

Alphabet’s wooden skyscraper in Toronto could be tallest in the world

Real estate in states where cannabis use is legal is in high demand compared to states where use is illegal. (Credit: Pixabay)

Cannabis legalization drives demand for warehousing and retail: study

Adam Neumann and some of the properties, Museum Place and 225 West Julian in San Jose 

Adam Neumann no longer has a vision for San Jose

Greystar CEO Bob Faith and the Parkside Place Apartments in Cary, North Carolina (Credit: Greystar and Apartments)

What Greystar’s belief in multifamily says about the health of the economy