Massive Toll Hike Planned for Port Authority Crossings, Reports Say
MANHATTAN — Hold onto your wallets.
The Port Authority is looking to hit the gas on a pair of massive hikes on its crossings over the next three years, according published reports.
The agency plans to raise E-ZPass customers' rate for all six of its crossings from $8 to $12 next month, according to the New York Post.
The PA also plans another hike of $2 in 2014 for the George Washington, Bayonne and Goethals bridges, the Outerbridge Crossing and the Lincoln and Holland Tunnels, the New York Times said.
The hikes, along with a plan to increase the PATH train fare by $1 to $2.75 per ride, are part of an effort by the agency to raise $1 billion in revenue, the Post said.
The plan needs to be approved by the governors of New York and New Jersey, Andrew Cuomo and Chris Christie, but both have quietly indicate their support, the paper said.
According to the Post, the agency is selling the hikes by saying that without them, thousands of construction jobs would be lost and there might be a problem finishing the World Trade Center.
A $2 toll hike had been anticipated, the Times said.
The PA did not immediately return a call for comment.