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Congestion Pricing

 
 
How does congestion pricing impact/will impact real estate, if at all?
 
Does congestion pricing impact commutes into the city so an influx of people will move back into the city so they don’t pay it?
 
Believe congestion pricing will have no impact on the real estate market for a number of reasons. First, the amount is small ($2.50-$2.75) which means it can be absorbed. Second, the tax (that's what it is) will be used to improve the subway system (which is vastly needed). In fact, congestion pricing may actually help real estate. Especially in Brooklyn-Queens-Bronx where people use the subway to travel. "Lofts near subway station "X" will now get improved service...which will lead to higher resale value.
 
 
 

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