Commentary: Classic economics would say that increasing their commuting costs would make San Francisco’s workers even less likely to return to their cubicles and therefore hinder downtown recovery. 📝 DanCALmatters
Vehicles are passing through the Bay Bridge Toll Plaza. San Francisco-Oakland Bay Bridge is an important bridge in San Francisco Bay Area, people use it to cross the bay between San Francisco and Oakland. Photo by Michael Ho Wai Lee, REUTERSTolls on San Francisco Bay Area bridges are rising sharply and that could affect the economy of a region still struggling to recover from the COVID-19 pandemic.. It will now cost motorists at least $6.
It’s an aspect of a larger phenomenon that has upended the San Francisco Bay Area’s economy. Many workers, particularly those in technology and financial services, shifted to working remotely when the pandemic struck and the work-from-home tendency has persisted after the health threat eased.” of reduced in-place employment, wholesale declines in office space usage and closure of retail businesses.
Fewer commuters also translated into lower bridge toll income and very sharp drops in transit use and revenues, particularly on the Bay Area Rapid Transit system.Dan Walters brings his passion for government transparency to issues affecting Californians. Get a round-up of his columns.
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