6sqft recently covered a report released by the city’s Independent Budget Office that analyzed the impact of a growing number of subway delays and found that subway downtime could be costing the city up to $389 million annually in lost wages and productivity for businesses. According to the New York Times, the problem is getting worse, and it’s affecting everyone’s earnings. The cost of subway delays on a typical workday morning translates to $864,000 a day in lost work time for intra-city commuters, $257,000 for commuters who live beyond city borders and $109,000 for subway riders traveling for reasons other than work. The total daily cost: about $1.23 million. Multiplied by 250 working weekdays a year, that adds up to about $307 million that New Yorkers lose in work time every year.
gov. andrew cuomo
After months of what has seemed like rapidly accelerating deterioration, scary incidents, complaints and finger-pointing, the Metropolitan Transportation Authority revealed on Tuesday an $800 million emergency rescue plan for the city’s beleaguered subway system, the New York Times reports. Some key solutions identified for the initial phase of the plan, called “MTA Moving Forward,” included taking out seats on some cars–Boston’s transit system has done this in some cases to make room for more commuters. When asked when riders would begin to see the benefits of the plan, MTA chairman Joseph Lhota said that key parts of the plan’s initial phase would be implemented “relatively quickly.”
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Advocacy group Move NY has suggested that the city impose a congestion charge on motorists driving on Manhattan’s most crowded streets. Similar proposals haven’t fared well in the state legislature–but the group cites a 1957 state law that says cities with a population of over a million can toll their own roadways and bridges. The Wall Street Journal reports that Move NY will offer the City Council’s transportation committee a new proposal today under which the city would impose a $2.75 charge on automobiles entering Manhattan’s central business district below 60th Street. The fee for trucks would be higher; for-hire vehicles including taxis would pay a congestion surcharge based on trips within the zone.