search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraud
New York

City Council approves congestion pricing

Sign Up for the undefined Newsletter

The City Council has approved the mayor’s plan to charge congestion tolls below 60th Street in Manhattan. The Council approved the plan to charge most drivers an $8 fee by a vote of 30 to 20. While Gov. David Paterson and state Senate majority leader Joseph Bruno support the plan, Assembly Speaker Sheldon Silver says he won’t take a position until the state passes a budget. If the Legislature doesn’t approve the plan by April 7, about $350 million in federal aid could be lost.