More than a year after it was introduced, the Move NY Fair Plan[PDF!] has finally been introduced as legislation, Crain's first reported.
The congestion pricing plan would add tolls to all the East River crossings like the Brooklyn and Williamsburg Bridges, and on crossings along 60th Street including FDR Drive and the West Side Highway.
This would reduce the tolls on some of the outer borough crossings like the Throgs Neck Bridge and the Triborough Bridge.
The plan would create a standard toll of $5.54 with an E-ZPass and $8 without for vehicles entering Midtown Manhattan.
Introduced by State Assemblyman Robert Rodriguez, and co-sponsored by 14 other State Assembly persons, the legislation, if passed would create a $4.5 billion Transit Gap Investment Fund to improve infrastructure, according to the Brooklyn Daily Eagle.
Furthermore the plan is expected to greatly alleviate the Metropolitan Transit Authority's chronic funding shortage. The plan will help the city generate over $1.35 billion in revenue each year, about 75 percent of which would go towards mass transit.
The plan had received the support of the City Council last year.
- Plan to change NYC's bridge tolls, reduce traffic hits Albany [Crain's]
- Move NY Fair Plan aims to redistribute cost of tolls throughout city [Brooklyn Daily Eagle]
- City Council members tout East River bridge tolls as a way of funding MTA [NYDN]
- New Congestion Pricing Proposal Gets City Council Backing [Curbed]
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