The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
New York NY, a new congestion pricing toll is set to impact drivers coming into Manhattan from New Jersey through the Lincoln and Holland Tunnels. Though these tunnels are already tolled by the Port Authority, New York’s plan would add an additional fee aimed at reducing traffic congestion in lower Manhattan while raising funds for the Metropolitan Transportation Authority (MTA).
Continue reading It’s Back: Congestion Pricing Plan in NYC Moves Forward
the staff of the Ridgewood blog
New York NY, Governor Kathy Hochul, New York City Mayor Eric Adams and the Port Authority of New York and New Jersey today announced a new agreement to support the $10 billion replacement and expansion of the 73-year-old Port Authority Bus Terminal in Midtown Manhattan. Recognizing the importance and catalytic potential of the project, the city has committed 40 years of tax revenue — expected to help the Port Authority raise an estimated total of up to $2 billion, 20 percent of the project cost — from three potential new commercial developments on three sites, two of which will be positioned atop the new bus terminal and the third to be built at a nearby site owned by the Port Authority and private owners, subject to market demand. This deal brings the vision of a reimagined bus terminal one step closer to reality.
Continue reading New York Ponies Up For New Port Authority Midtown Bus Terminal