Infrastructure Bigs: To Compete, NYC Needs Congestion Pricing, Tolls
Tolls at the Holland Tunnel. Now the Port Authority is looking for the next financing model. Image: Library of Congress. At a panel put on by the New School last week, some of New York's biggest players in transportation and planning came together to discuss the future of the city's infrastructure. They all seemed to agree: The city can't keep up with its global competitors without new sources of revenue.
Christopher Ward, the executive director of the Port Authority, framed the stakes: "We have to ask, what builds wealth?" The other panelists concurred: New York's health and economic dominance won't continue without consistent investment in its infrastructure, particularly its transportation network.
Seth Pinsky, the president of the New York City Economic Development Corporation, put it more directly. "We have spent the last 20 years trying to get our infrastructure back to pre-1970 levels," he said. Without moving further, "We will not be able to compete with other world cities."
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