Also today: LA pushes to rebuild homes faster, and real estate vultures eye middle-class homeowners.

Now that New York City has finally flipped the switch on congestion pricing, the big question is: Will it work? And if so, how well?

Preliminary data from the first week of New York City's highly debated congestion pricing program shows the country's first plan of its kind is working, officials said.

Traffic entering Manhattan below 60th Street dropped by 7.5% in the first week after the start of a controversial $9 toll on driving in that area.

Early data from the Metropolitan Transportation Authority suggests that traffic has dropped around Manhattan’s core.

New Jersey dropped its unsuccessful appeal of a court order that allowed New York’s congestion pricing to start on Jan. 5 and intends to file a new suit against the Federal Highway Administration, attorneys said.

The first congestion pricing plan in the U.S. has begun, charging most drivers $9 a day to enter the lower half of Manhattan. The long-debated plan is projected to raise up to $800 million a year for the city's aging public transit system.

Congestion pricing was never just about reducing the number of cars in the city, though. Fewer cars would also mean a better quality of life for the millions of people who actually live in New York City, and in that regard, it sounds like congestion pricing has also been a success:

New York's MTA is claiming that, after only one week, the "congestion parking" initiative implemented is "working"

NY Gov. Kathy Hochul is defending her support for congestion pricing after NYS Assembly Minority Leader Will Barclay questioned how her congestion pricing initi

NYC’s 2025 congestion pricing found fewer personal cars on Manhattan’s roads and more cabs over its first five days, a Bloomberg analysis of 75,000 cars show.

according to a report by the Metropolitan Transportation Authority. The number of vehicles entering the congestion zone was down about 7.5% compared to estimates for January traffic in past years ...