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Tag: Central Business District

  • Congestion Pricing: Hochul celebrates Manhattan toll program’s ‘extraordinary’ results on its one-year anniversary – amNewYork

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    Gov. Kathy Hochul, along with MTA Chair and CEO Janno Lieber and Mayor Zohran Mamdani, celebrate the one-year anniversary of congestion pricing in Manhattan. Monday, Jan. 5, 2026.

    Photo by Lloyd Mitchell

    On the one-year anniversary of congestion pricing on Monday, Gov. Kathy Hochul declared that the program has yielded “extraordinary” results in reduced traffic and increased economic activity, “beyond what we could have expected.”

    The governor, during a Monday afternoon news conference in Manhattan, stood alongside MTA Chair and CEO Janno Lieber and Mayor Zohran Mamdani. She lauded congestion pricing as a success in reducing car traffic, cutting air pollution, promoting the local economy, and generating vital funding for public transit.

    “We changed how people in this great city and the region live, how they breathe, how they act, and now the results are in,” Hochul said of the program’s impact.

    Van passes congestion pricing gantry in Manhattan
    A van passes under a congestion pricing gantry in Manhattan on Jan. 5, 2026.Photo by Dean Moses

    Hochul also noted that the once-fervent opposition to congestion pricing, when it was first launched one year ago, has seemingly “calmed down.”

    “People like getting across the bridges faster, they like coming to the city with more time on their hands, they’re happy not to sit in traffic,” Hochul said. “So to those individuals who are driving in, their quality of life has improved as well, and I’m really proud of that, and I hope they understand what this program did for them.”

    The governor touted the state’s and MTA’s success in winning most of the nearly a dozen lawsuits that opponents brought in hopes of halting congestion pricing over the past few years.=

    “For those of you who are keeping score, I’ve got more than 10 lawsuits. We have a pretty good record. Every time it’s gone before a judge, the judge says, ‘no, no, the state is right,’” Hochul said. 

    Hochul said she believes the state will have the same result with its lawsuit seeking to block President Trump’s administration’s efforts to end the program. The Manhattan federal judge in the case, Lewis Liman, will hear oral arguments later this month.

    Mayor Zohran Mamdani joined Gov. Kathy Hochul and MTA Chair and CEO Janno Lieber to celebrate one year of congestion pricing. Monday, Jan. 5, 2025.Photo by Lloyd Mitchell

    Mamdani, who won the mayoralty on ambitious proposals like making city buses free, said congestion pricing is proof of the “change that can come when government dares to do big things.”

    “This is a program that has been successful, no matter how you measure it,” he said.

    Congestion pricing charges drivers entering Manhattan below 60th Street a $9 base toll during peak hours. The tolls vary based on vehicle size and the time of day drivers enter the zone, known as the Central Business District (CBD).

    The governor ticked off the program’s positive impacts on congestion and safety: reducing the number of vehicles enterring the CBD by 11% — equating to 27 million fewer vehicles; allowing those enterring and exiting the zone during rush hour to move an average 23% faster over crossings; boosting bus speeds in the CBD by 2.3%; and reducing crashes in the area by 7%.

    She also pointed to a 22% drop in air pollution within the CBD; a 6.3% rise in economic activity in the zone; and Broadway having its best season in history — bringing in $1.9 billion in ticket sales.

    MTA Chair and CEO Janno Lieber takes a victory lap on congestion pricing on the program’s one-year anniversary. Monday, Jan. 5, 2026.Photo by Lloyd Mitchell

    Furthermore, the state’s and MTA’s projections indicate the program will raise $550 in net revenues for its first year. They will then begin bonding those dollars out to bring in $15 billion to fund major capital improvements to the system over the next several years.

    “It’s going to bring us more benefits, more than just less congested streets,” Lieber said of congestion pricing. “It’s the new train cars that you’re making possible. The new signals. The more ADA (Americans with Disabilities Act) elevators.”

    The MTA has already approved contracts for signal modernization on the A/C line in Brooklyn and Queens and to install elevators at five stations utilizing congestion pricing revenue late last year.

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    Ethan Stark-Miller

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  • 3 injured in Denver hit-and-run crashes involving bicycle, scooter

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    Three people were injured in hit-and-run crashes in Denver’s West Colfax and Central Business District neighborhoods early Saturday morning, according to police.

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    Katie Langford

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  • Car runs red light, crashes with light rail train in downtown Denver

    Car runs red light, crashes with light rail train in downtown Denver

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    Multiple Regional Transportation District light rail lines shut down temporarily Wednesday after a train hit a car running a red light in downtown Denver’s Central Business District.

    The crash happened around 1 p.m. at the intersection of Stout and 15th streets in Denver, RTD spokesperson Tina Jaquez said. No light rail customers or operators were injured in the crash.

    RTD’s D and H lines experienced delays that resolved around 2:30 p.m., once the crash was cleared from the tracks, Jaquez said.

    The driver of the car transported to the hospital with minor injuries, said Siena Riley, a spokesperson for the Denver Police Department. The driver ran a red light and was hit by the train.

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    Lauren Penington

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  • Property developers taking cautious approach to bids for land sites in the CBD: Analysts – Medical Marijuana Program Connection

    Property developers taking cautious approach to bids for land sites in the CBD: Analysts – Medical Marijuana Program Connection

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    The Marina Gardens Lane site attracted four bids. 

    “So some developers may adopt a more wait-and-see attitude,” said Mr Mak. “They may want to see what other developers are doing first, whether their projects are successfully well taken up before entering the market.”

    IMPACT OF LATEST ROUND OF COOLING MEASURES

    Before the recent round of measures to cool Singapore’s red-hot property market, foreign buyers took up about 12 per cent of units in the downtown area.

    But experts are expecting the number to be halved, with the ABSD now doubling to 60 per cent of the purchase price.

    “We think there will be some demand. But there are also challenges because of the ABSD for foreign buyers, higher ABSD rate for property investors, so that could also quell investor’s demand,” said PropNex’s head of research and content Wong Siew Ying. 

    “Separately, I think the limited schools in that area may discourage some families from wanting to move there. But having said that, it’s still a very new area, so we’re not quite sure what are the other developments that are coming up.”

    Original Author Link click here to read complete story..

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    MMP News Author

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