Marking Parking

The Story

Manhattan’s traffic woes continue to worsen. Now some legislators want to limit street parking above 60th Street to residents because suburban commuters are driving into the city, parking uptown, and taking the subway the rest of the way to their workplaces. Residential parking permits might slow the influx of cars, but the city should address the problem more directly by getting serious about congestion pricing, which would also generate revenue for the MTA. 

The Facts You Need to Know

  1. Slow: Traffic in core Manhattan (below 60th Street) has slowed from 9 miles an hour to 7 miles an hour in just six years. Read more.

  2. Tolls: Tolling the East River bridges is a necessary part of any broad plan to control traffic in Manhattan. Read more.

  3. Travel: More than 600,000 commuters in the metropolitan area have one-way trips to work that take more than an hour and a half. Read more.

“City lawmakers should take the concept of tolling drivers as a promising start.”

Nicole Gelinas, Manhattan Institute senior fellow

Twitter Take

The Past is Present

Why Is Manhattan So Expensive? By Joseph Gyourko and Edward L. Glaeser (November 1, 2003)

“Over the past 20 years, the price of apartments in Manhattan has increased twice as fast as the rest of the nation. This has not been the case historically. Between 1950 and 1980 real prices in Manhattan remained relatively flat.”

And in other news...

“The American Gaming Association, which filed a brief with the Supreme Court in favor of legal sport betting, estimates that US residents place about $150 billion in illegal bets on games each year.”