
PEAK PRICING
01/16/2025 |
While just a week old, $9 congestion pricing is having the desired effect in NYC. Cars entering NYC south of 60th Street fell 8% compared to the average January workday from 2022-2024. But that small decline has drastically reduced travel times: through the Holland Tunnel by 65%, the Lincoln Tunnel by 39%, along Canal Street by 33%, along Third Avenue by 21%, and reduced parking garage demand by 20%.