SPONSORED CONTENT: Congestion Pricing in Manhattan Will Add $1 Billion Annually to MTA Coffers

It’s working in London and Stockholm, but can congestion pricing make a real difference for people living and working in Manhattan?By charging a fee to drivers entering Manhattan below 60th Street at peak times, congestion pricing — which state legislators are debating until April 1, when the budget will be finalized — expects to generate as much as $1 billion a year, and that will help Manhattan in several ways.

Money will be earmarked to extend the Second Avenue subway from 96th Street to 125th Street, purchase over 3,000 new subway cars to improve reliability and customer experience on the 1, 3, 6, A, B, C and D lines, install countdown clocks at more stations along the Q, N, R, W, and F lines, upgrade lighting at Canal Street, Chambers Street, Union Square and Grand Street stations, repair stairs at Franklin Street, 14th Street (6th Ave/7th Ave/Lexington Ave) and Canal (N/Q) Street stations, and replace escalators at Bowling Green Station.

If congestion pricing is not passed? The MTA estimates that transit fares will need to rise by 27% to pay for essential projects.In London, congestion pricing has reduced traffic by 15%, and reduced greenhouse gas emissions by 20%. In Stockholm, the number of children going to the hospital because of asthma has dropped by 50%.

Shunan Teng, the owner of Tea Drunk in the East Village, sees the need for congestion pricing. “We’ve heard complaints from our regulars who come in and tell us how painful their journey to Tea Drunk was that day,” she said. “If that starts to play into people’s decision, then maybe they won’t come. That’s definitely a huge impact on the business.”

“Congestion pricing,” says Andy Darrell, regional New York director for Environmental Defense Fund, “is a realistic step we can take to reduce traffic, cut air pollution, and increase funding for public transportation.”

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Check out the video here: https://www.youtube.com/watch?time_continue=3&v=ngqjP5Xvg20