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Growth Or Gridlock: the Economic Case for Traffic Relief and Transit Improvement for a Greater New York

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Growth Or Gridlock: the Economic Case for Traffic Relief and Transit Improvement for a Greater New York Traffic Relief Options for New York New York City and the entire Metro Region need to move quickly to plan a comprehensive program of traffic relief and congestion management. All possible solutions should be considered, including: • Better design and management of freight loading facilities Growth or Gridlock: The Economic Case for Traffic • Improved regulation and increased pricing for on-street Relief and Transit Improvement for a Greater New York parking • New and upgraded bus, ferry and commuter rail The Partnership for New York City has released a breakthrough report that services documents the economic impact of traffic congestion on the city and the region. The report (available for download at www.pfnyc.org) explains • Charges for vehicle use of certain roads and for entry into highly congested zones how the increasing problem of traffic congestion costs the regional economy more than $13 billion a year, resulting in the loss of as many as 52,000 jobs annually. What Traffic Reduction Would Mean for the New Other world cities, many of which are competitors with New York for York Region business investment and job creation, are moving aggressively to reduce The Partnership found that reducing the number of vehicles traveling the burden that traffic places on economic activity and the environment. into Manhattan south of 60th Street would significantly benefit all five Most of these cities, including New York, have run out of room to expand boroughs and the surrounding counties, cutting down traffic delays road systems. They are improving public transit so that people can enormously and speeding the travel of all vehicles. achieve mobility without putting more cars on the streets. Impact of 15% Reduction in Vehicle Trips into Manhattan On its current course, New York City is forecast to add a million more residents and 750,000 new jobs over the next 25 years. The traffic Central Business Districts on Vehicle Hours Traveled problem will only grow as Manhattan-bound traffic moving through the Northern NY Counties region increases by more than 20 percent over the next two decades, About The Partnership Northern New Jersey -1-0.8%% bringing us to a standstill. The future of the city and the region depends For New York City -2-1% upon implementing a combined program of traffic relief and transit improvement. Dedicated to maintaining the city’s Hunts Point -7-5% pre-eminence as a global center 125th St Corridor -18-14% of commerce and innovation, the Beyond the Tipping Point Partnership for New York City is Central New Jersey Long Island City Busy streets are signs of a healthy economy, but traffic in much of the a nonprofit organization with a -1% Manhattan CBDs -27-21% Flushing -3% Metro Region has crossed the line that separates economically efficient membership of New York-based, -27%-12% international leaders of business Canal St Corridor traffic flow from destructive, excess congestion. This translates into loss -28-12% Greenpoint/ and finance. It works in partnership Williamsburg Long Island of business revenues and increased costs for virtually every business and -24-14% -1-0.5%% with government, labor and the industry sector in all five boroughs and across the region. nonprofit sector to promote Downtown Brooklyn -29-15% economic growth and an improved The Cost of Excess Congestion in New York Metro Region Staten Island quality of life in America’s largest $2 billion in wasted city. Through its affiliate, the New -5-3% fuel & vehicle York City Investment Fund, the operating costs Partnership directly invests in economic development projects in all five boroughs of the city. $4.6+ billion in business $5+ billion in revenue losses lost time and and increased Market travel costs operating costs Failure One Battery Park Plaza, New York, New York 10004-1479 (T) 212.493.7400 (F) 212.344.3344 www.pfnyc.org 37,000–52,000 $3.2–$4 billion Partnership for New York City lost jobs in lost economic output The Source of the Problem Person-Hours of Delay As Distributed Across the Metro Region The Central Business Districts of Manhattan, between 60th Street and Northern Suburbs 8% the Battery, are the engine of a $901 billion regional economy. This Long Island 40% Bronx 4% concentration of economic activity is the primary source of excess congestion across the entire region. Each weekday, 3.6 million people Manhattan 13% travel into the Manhattan CBDs, a third of them in cars, trucks or taxis. One result, as shown on the map below, is a ripple effect of congestion during peak periods. Brooklyn 13% Staten Island 3% Average Morning Peak Commute Travel Speeds Under 12 mph Queens 20% London’s Experience: What Is the Competition Doing? In 2003, London (which has been competing effectively with New York for leadership in some world markets) imposed a user fee on most vehicles traveling through its central business district. The result has been freer flow of traffic, increased reliability of trip times and increased utilization of rapid transit. Equally important, fears that pricing could hurt business in the zone have proven to be unfounded. Revenues from the fees helped London pay for significant improvements to its public transportation system, adding 300 more buses; installing tracking systems that tell passengers when a bus will arrive; and installing of new bus lanes. Specific results of London’s program are: • Average 17% reduction in total traffic • Bus ridership up 37% • Trip speeds up 19%, from 8.5 miles per hour to 10.1 miles per hour • Trip reliability gain of 22% Manhattan may be the source of regional traffic woes, but the • 15.7% drop in CO2, 8% reduction in NOx, 6% reduction economic costs and consequences are borne by all five boroughs in PM10 and the 28 counties in the Metropolitan Region. The charts below demonstrate two ways of illustrating the impact of excess congestion on travel throughout the Metro Region. London Results – What Happened to the Vehicle Trips? Ê >}i nx¯ The Distribution of Excess Congestion Across the New York Counties >}i Putnam 8% Bronx 13% £x¯ Rockland 8% Manhattan 14% - vÌi`ÊÌÊÌÀ>ÃÌ Westchester 10% xäqÈä¯ Brooklyn 13% >}i`ÊÌÀ«ÊÀÕÌi ÓäqÎä¯ Long Island 11% Queens 13% Staten Island 10% - vÌi`ÊÌÊV>À«ÊÀÊLi ÀÊV >}i`ÊÌÀ«ÊÌi £xqÓx¯ The Source of the Problem Person-Hours of Delay As Distributed Across the Metro Region The Central Business Districts of Manhattan, between 60th Street and Northern Suburbs 8% the Battery, are the engine of a $901 billion regional economy. This Long Island 40% Bronx 4% concentration of economic activity is the primary source of excess congestion across the entire region. Each weekday, 3.6 million people Manhattan 13% travel into the Manhattan CBDs, a third of them in cars, trucks or taxis. One result, as shown on the map below, is a ripple effect of congestion during peak periods. Brooklyn 13% Staten Island 3% Average Morning Peak Commute Travel Speeds Under 12 mph Queens 20% London’s Experience: What Is the Competition Doing? In 2003, London (which has been competing effectively with New York for leadership in some world markets) imposed a user fee on most vehicles traveling through its central business district. The result has been freer flow of traffic, increased reliability of trip times and increased utilization of rapid transit. Equally important, fears that pricing could hurt business in the zone have proven to be unfounded. Revenues from the fees helped London pay for significant improvements to its public transportation system, adding 300 more buses; installing tracking systems that tell passengers when a bus will arrive; and installing of new bus lanes. Specific results of London’s program are: • Average 17% reduction in total traffic • Bus ridership up 37% • Trip speeds up 19%, from 8.5 miles per hour to 10.1 miles per hour • Trip reliability gain of 22% Manhattan may be the source of regional traffic woes, but the • 15.7% drop in CO2, 8% reduction in NOx, 6% reduction economic costs and consequences are borne by all five boroughs in PM10 and the 28 counties in the Metropolitan Region. The charts below demonstrate two ways of illustrating the impact of excess congestion on travel throughout the Metro Region. London Results – What Happened to the Vehicle Trips? Ê >}i nx¯ The Distribution of Excess Congestion Across the New York Counties >}i Putnam 8% Bronx 13% £x¯ Rockland 8% Manhattan 14% - vÌi`ÊÌÊÌÀ>ÃÌ Westchester 10% xäqÈä¯ Brooklyn 13% >}i`ÊÌÀ«ÊÀÕÌi ÓäqÎä¯ Long Island 11% Queens 13% Staten Island 10% - vÌi`ÊÌÊV>À«ÊÀÊLi ÀÊV >}i`ÊÌÀ«ÊÌi £xqÓx¯ Traffic Relief Options for New York New York City and the entire Metro Region need to move quickly to plan a comprehensive program of traffic relief and congestion management. All possible solutions should be considered, including: • Better design and management of freight loading facilities Growth or Gridlock: The Economic Case for Traffic • Improved regulation and increased pricing for on-street Relief and Transit Improvement for a Greater New York parking • New and upgraded bus, ferry and commuter rail The Partnership for New York City has released a breakthrough report that services documents the economic impact of traffic congestion on the city and the region. The report (available for download at www.pfnyc.org) explains • Charges for vehicle use of certain roads and for entry into highly congested zones how the increasing problem of traffic congestion costs the regional economy more than $13 billion a year, resulting in the loss of as many as 52,000 jobs annually. What Traffic Reduction Would Mean for the New Other world cities, many of which are competitors with New York for York Region business investment and job creation, are moving aggressively to reduce The Partnership found that reducing the number of vehicles traveling the burden that traffic places on economic activity and the environment.
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