The Value-priced Express Lane
Cars are great and convenient, but there’s room for improvement. The carpool lane, for instance. There’s plenty of room there, but what if I’m driving without a passenger? The extra lane could do extra-duty as a value-priced express lane.
I’m on my way to work, say driving on I-26 from Beaverton into downtown Portland. Up ahead traffic is at a stand-still. I look to the electronic display above the toll entrance. Four dollars. To get to the meeting on time, this morning it’s worth it. A double mocha Americano with extra whip? Heck, I’m going to drive in the express lane. Click! A sensor camera photographs my license and windshield. I’ve got two weeks to pay the toll at participating grocery stores. I don’t mind. I’m making good money, and I know the four dollars goes directly to pay for the new lightrail and overhead wires for the cities’ electric bus fleet. Of course, I plan to sell my car and afford myself one of those new cars: electric vehicles have free access to express lanes.
Seeing as people will pay for convenience – especially when you’re talking traffic jams – an express lane can pay for itself, and create a revenue stream to finance a more sustainable transportation infrastructure. The pricing would be dynamic: reduced when traffic is light, and as high as twenty dollars when traffic is at a standstill. (more…)