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by horv 397 days ago
> In the long run, yes, maybe things will be net better for all, when the $45M per year has had a chance to make alternative transportation methods to be not just policy enforced, but truly _preferred_ option.

The article highlights that was $45 million in the month of March alone:

"In March, the tolls raised $45 million in net revenue, putting the program on track to generate roughly $500 million in its first year."

1 comments

It's sort of weird, because taken to its logical conclusion (nobody drives into lower Manhattan) they would be collecting nothing. They are disincentivizing the thing that they are counting on to provide revenue.

Of course, practically that will not happen, but it could be that they are overestimating the long term revenue stream. As more and more people get used to not driving into downtown, that will become the habit, and then their kids won't be used to it and they won't do it either.

The cool thing about pricing is you can make the pricing variable to achieve whatever ends you want… if you’re desperate for more cars for some reason you can just lower the cost and the ‘market’ will respond. You can have lower costs in the afternoon or at night, or no cost on weekends.
No, people always value convenience, all you need is those money to value the convenience of driving in more than the price of the toll.