According to the Brookings Institute, congestion prices on our roads would help reduce economic costs and guide transportation investment resources, because they reflect the economic costs of congestion, including productivity losses from traffic delays, increased accidents, higher emissions, and more.
That's where the concept of managed lanes come into play, and this morning, the Tampa/Hillsborough County Expressway Authority announced that they had received an $800,000 grant from the Federal Highway Administration to conduct a study to assess the benefits and costs of a Bus Toll Lane (BTL) Network in the Tampa region as a way to ease roadway congestion.
Susan Chrzan is a spokeswoman for the Expressway Authority. She said what would make this feature unique compared to other managed lanes around the rest of the country is that it would also generate a new source of revenue for transit agencies in the area.
