Mitch Bollinger, CFA, CAIA’s Post

New to America - Congestion Tolls - Begins in New York - Will it increase the city's sustainable asset value? Its livability asset value? We'll see. I like the data and mathematics in analyzing it! 🤔 https://lnkd.in/exVGWF7K

It is irresponsible of the NYT to promote the narrative that congestion pricing is dead. Whether it's implemented in June, in 2025, or later, the policy is inevitable because the conditions that demand it—underfunded transit, gridlock, and air pollution—will only worsen. Moreover, the tremendous outpouring of support for congestion pricing this past week from an unprecedented constellation of New Yorkers - not to mention looming litigation - shows that transit riders simply aren't going to allow it to be "consigned to the dustbin." https://lnkd.in/eGu2CPai

Sure, let's just ignore all of the successful implementations of congestion pricing across the globe. Let's ignore all the academic research that says this improves cities. Let's just keep holding ourselves back from having beautiful (and efficient) places to live and work. Definitely seems like the right move. Let Governor Hochul know you don't agree with her decision to stop congestion pricing implementation for Manhattan here: https://lnkd.in/enmfF8T7

#Mobilitypricing is an important part of the solution to address congestion. It's been around since our first roads and bridges were built. Moving in a Livable Region with partners like TransLink Metro Vancouver and so many other transportation and land-use planning players in the region have hosted two major citizen engagement initiatives, a commission and numerous reports to better understand the tools, the opportunities and the challenges in implementing a fair approach. Check out Jude Crasta outstanding info site on mobility pricing (https://lnkd.in/gPtMws_9) designed to build #literacy for residents. But as with all great policies - we need cities willing to lead and demonstrate how it can be done. Here are some great global examples... Thanks Fearghal King and Daniel Firth Carbon Neutral Cities Alliance SFU's Morris J. Wosk Centre for Dialogue Federation of Canadian Municipalities

Not that I’m against congestion fees but one thing that’s concerning is how this will impact low-income communities that have no other choice but to drive to work because public transportation isn’t as available and easy to use compared to larger cities. 1. Families are already having to live outside of city because they can’t afford to live in the city they work in. 2. Larger congestion fees can put a toll on families financially. 3. Ride sharing can be really costly. For example, I live about 4 miles from my work and it would cost me $40-50 to just travel to work, that doesn’t even account for the cost traveling back home. 4. More rural areas don’t have efficient bus routes, so people are limited to various modes of transportation.

Check out the latest article composed by our very own inspiring leader and CEO Sam Schwartz. If you know than you know! No one knows NYC steets and neighborhoods like Gridlock Sam! So when he drops some serious knowledge on the topic you’re going to want to listen. Click below to read about Sam’s stand e on congestion pricing, where it may take NYC, how we can improve upon it and we’re it could go all wrong NYC.

As we navigate the bustling streets of our cities, the issue of congestion pricing is becoming increasingly pivotal. I'd love to get your thoughts on whether you believe congestion pricing effectively addresses city congestion or if it merely acts as a temporary fix. Drawing from my own experiences, commuting between New Jersey and NYC has always been a journey of patience and budgeting. Passing through the Holland Tunnel costs about $14, and now, with NYC's new congestion pricing, there's an additional fee just for entering Lower Manhattan. This makes me ponder: is congestion pricing truly the optimal solution for our traffic woes? Take London, for instance. Despite their congestion pricing model, their traffic congestion is still notably more severe than NYC's. This begs the question: Are we missing a more comprehensive solution to urban traffic management? I'm eager to hear your perspectives. Do you think congestion pricing is the way forward, or should we explore alternative strategies? Let's dive into this discussion and share our experiences and insights. Looking forward to reading your thoughts.

🌎 🌱 Last week my colleagues and I voted to move New York! As a Metropolitan Transportation Authority Board Member, I was proud to to advance Congestion Pricing into the public toll setting process. Personally, I had the opportunity to work on the legislative push as well as the initial policy and infrastructure framework, alongside some great minds at MTA Bridges & Tunnels. We've had a public debate about the need for this policy for decades and I'm thankful to the 30+ community, advocacy and EJ groups at #CongestionPricingNow for keeping the drumbeat going! This program alleviates New York City's congested streets below 60th Street and ensures the longevity of our public transit system. This will make our air clearer and our roads safer. What an unprecedented climate initiative for New York City. Incredible work by the Traffic Mobility Review Board's whose job it was to recommend a framework and the MTA and NYCDOT staff who were part of the team. I appreciated their enhanced focus to provide discounts for low-income drivers and overnight shift workers. (The detailed framework: https://lnkd.in/etb5rbwp). We've learned so much from leaders and operators in London, Stockholm, and Singapore who put these policies into action decades ago. As a Board Member, I hope to work alongside the MTA on a monitoring and evaluation program is world-class. Working in partnership with so many folks will be critical. There is more work ahead. Thanks to the leadership of New York Governor Kathy Hochul and her team, U.S. Department of Transportation, the Federal Highway Administration, New York City Department of Transportation and NYSDOT. We are entering a new phase in the public process including public hearings, we'd love to hear from you. More on that soon. Go to https://lnkd.in/eth5m25Z to learn more. #livablecities #transportation #congestion #mobilityforall #publictransit #climatecrisis #decarbonization #vmt

How this state & city moves day and night.

Nice article about tying transit and housing together when planning and funding our urban transit networks.