In the Zone: Manhattan Congestion Boundaries
By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
Traffic and parking in Manhattan is a major issue. Mayor Michael R. Bloomberg has a plan to charge motorists to drive below 86th Street in Manhattan.If approved, many real estate brokers are already saying it may do more than simply reduce traffic, noise and pollution in the Manhattan business districts. They are saying that it could add an extra sense of exclusivity to what is already some of the most expensive residential real estate in the country.Mayor Bloomberg's plan for what he calls "congestion pricing" would impose fees of up to $8 a day for cars and $21 a day for trucks driving below 86th Street between 6 a.m. and 6 p.m. on weekdays. Instead of setting the boundaries at the entrance to midtown Manhattan at 59th Street or at the bridges and tunnels entering Manhattan the bounda...
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