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> How can anyone defend a $15 toll? Lots of downvotes but this is actually a decent question. Why is the toll so high, and why don't east river bridges have to
by Nav_Panel 9y ago
> How can anyone defend a $15 toll?
Lots of downvotes but this is actually a decent question. Why is the toll so high, and why don't east river bridges have tolls at all?
The answer has to do with the bridge construction process and ownership. The George Washington bridge was built by a "public authority": The Port Authority of NY & NJ.
As explained in Robert Caro's The Power Broker, the concept of a public authority was to allow a public entity to issue bonds for and manage the construction of a particular project, such as a bridge, with intent to turn the project over to the city once paid off. Other bridges were constructed via authorities that are now owned by the city, and the city chooses not to toll them.
Robert Moses, master governmental hacker of New York State, manipulated the concept of the authority by "renewing" bond issues the year before they expire, giving a single authority (in his case, the Triborough Bridge Authority) large amounts of money, which he then used to complete more public works projects, which could issue more bonds, and so on. The result is that this authority never dissolved, the works were never handed over to the city, and the tolls remain high, basically subsidizing the authority's other projects. He effectively created a public body with huge amounts of money that he could spend however he pleased, resulting in travesties like the Brooklyn-Queens Expressway.
The Port Authority of NY & NJ, who collects the extortionate $15 toll on the GW Bridge, runs every bridge between NY and NJ, every airport, the PATH train, the airport Airtrains, and One World Trade Center, among other investments.
Effectively, the extremely high GW bridge tolls are subsidizing the PA of NY/NJ's massive losing bet on 1 WTC. And that's why it costs $15.