| Friday May 27th 2016

NYC Port Authority Seeks Big Toll Increase

Holland Tunnel NYCI don’t see how this would raise revenues. Seems like it would scare people away, lowering toll revenues and sales tax revenues.

The cost of crossing the bridges and tunnels that span the Hudson River to New York City could rise by 50 percent for many drivers under a steep series of toll increases to be proposed on Friday by the Port Authority of New York and New Jersey, according to two people familiar with the plans.

A $4 toll increase for E-ZPass users could go into effect as soon as September on the three major Hudson River crossings – the George Washington Bridge and the Holland and Lincoln Tunnels – as well as three other bridges between New Jersey and Staten Island, the Bayonne and Goethals Bridges and the Outerbridge Crossing.
The proposal, the first increase since 2008 and only the third since 2001, would raise peak-hour E-ZPass tolls on those crossings to $12 a ride, up from $8. The individuals familiar with the plans asked to remain anonymous because the proposal was not yet intended to be made public.


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