Illustrate — Don't Destroy
The MTA expects a windfall from the sale of Hudson Yards, but that doesn't mean it won't need the anticipated revenue stream from congestion pricing. The weekday drivers' fee into central Manhattan was proposed last month by Mayor Bloomberg to fund mass-transit improvements. New York City Partnership chief Kathryn Wilde, an early advocate of congestion pricing, told us this morning that even a record-breaking price at Hudson Yards would leave the MTA in the hole. "When we've cut ribbons on $50 billion of [needed] projects and have money to cover $20 billion, congestion pricing becomes not a new tax but a revenue stream," she told us. Like the mayor, Wilde expects state approval before this year's legislative session ends in June. Which would be some kind of record in itself.
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