Wednesday, August 17, 2011

Toll Increase: Does the Port Authority run the risk of pricing jobs out of New York ?

Toll Increase: Does the Port Authority  run the risk of pricing jobs out of New York ? 
PJ Blogger and the staff of the Ridgewood blog

As all Ridgewood commuters know by now the Port Authority of New York and New Jersey is looking to raise tolls on the George Washington Bridge and the Lincoln and Holland tunnels this year. Drivers with E-ZPass would pay $4 more per crossing — $12 during peak times and $10 in off-peak hours. Cash tolls would jump from $8 to $15.

The dirty little secret is that many people who are making less than $250,000 will not  be able to afford the new tolls and many jobs in the "City" will no  longer be economically viable do to the toll increase.

The city which has gone from ,"the city that never sleeps"  to the city where there is a rule against doing almost everything has become less and less the focal point for the tri-state area  . Technology has made the commute to NYC everyday almost obsolete . At one time New York offered a truly unique experience , but now there is little or nothing you can do in NYC that you cant do right here at home .

I wonder if the tax revenue lost from jobs leaving the city will equal the payoff to the Port Authority and its unions ?  Time will only tell tell ,but New York as a center for world commerce and finance will continue to decline leaving the city as nothing more than an afterthought tourist destination.

http://www.theridgewoodblog.net/2011/08/toll-increase-does-port-authority-run.html

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