Something that's often left out in all this talk about the failure of New York City's congestion pricing plan is the fact that this sort of plan has already been successfully implemented in London, as may

I was traveling yesterday, and didn't have a chance to note my despair at the demise of the New York City congestion pricing plan. Charles Komanoff has an excellent post on Gristmill about why the plan was the "smartest urban-transportation idea since the subway," and why it failed, that's worth checking out. Had it won approval, the plan would have created a $500 million revenue stream for mass transit, and it would have a least created the possibility of significantly reducing traffic and pollution. The main takeaway is that congestion pricing isn't a failed political pursuit, but that it was executed poorly in this case.