Here's your summary from Navigating Congestion Halt Fallout (https://www.youtube.com/watch?v=5z2c5GOZEJA) on the Bloomberg Television channel:

### TLDR:

Congestion pricing in New York City was halted due to concerns about imposing a tax during a period of high inflation, despite the potential benefits to mass transit and job creation.

### Key Points:

1. Congestion pricing in NYC has been attempted since the 1970s, with the latest effort involving a $20 billion infusion to the transit system and the creation of tens of thousands of jobs.

2. Governor Hochul reversed her support for congestion pricing last minute, citing concerns about imposing a tax during a period of high inflation.

3. Despite the setback, advocates argue that treating urban space as a commodity through pricing could help alleviate congestion and fund necessary infrastructure improvements.

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