Submitted by Steven O'Neill, Jun 1, 2007 13:26

Garage owners may or may not see a decline in profits with congestion pricing. Estimates that I have seen are about 10% of car trips will be eliminated (http://www.transalt.org/campaigns/sensible/congestion.html). It's hard to imagine that making a large dent in their income.

However, this is what congestion pricing costs everyone in NYC:
(from http://www.nycp.org/publications/Growth or Gridlock.pdf )

• The costs of congestion are not only borne by motorists
and commercial vehicles stuck in traffic, but also affect
the cost of doing business and the cost of living in
the entire region. For example: traffic delays add to
logistical, inventory and personnel costs that annually
amount to an estimated $1.9 billion in additional costs
of doing business and $4.6 billion in unrealized business
revenue.

• Delays endured by commuters, workers and other
travelers annually cost some $5 billion to $6.5 billion in
lost time and productivity and an estimated $2 billion in
wasted fuel and other vehicle operating costs.

• There is a net loss in regional economic output of at
least $3.2 billion to $4 billion annually due to excess
congestion, with the greatest losses concentrated in
Manhattan, New Jersey and Long Island.

• Combined business costs, lost revenues and lost
productivity mean that there are 37,000 to 52,000 fewer
jobs created in the Metro Region every year.

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