One More Hospitality Restaurants
The New York company will refund $9 to diners driving into the city for meals at four of its Greenwich Village restaurants. That includes Italian restaurant Osteria 57, Italian seafood restaurant Alice, Italian cafe Travelers Poets & Friends, and also-Italian seafood restaurant Alaluna. Osteria: 57 West 10th Street near Sixth Avenue; Alice: 126 West 13th Street between Sixth and Seventh avenues; Travelers: 457 Sixth Avenue at West 11th Street; Alaluna: 453 Sixth Avenue near West 11th Street
Here is a link to other examples. Here is a related NYT piece. I am not suggesting that will be the typical equilibrium, as it should demand on elasticities of demand and supply, and also the time horizon over which you consider adjustment. But do note that if you are a NIMBY vs. YIMBY type, you ought to conclude that a lot of the congestion tax will fall on landlords, ultimately, and not drivers.
Via Steve Rossi.
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