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The road has many lanes - but it's a residential area - and the speed limit must remain at 50. The reason why they put it at 60 before the residential area is to slow the traffic down.
Knight St is especially bad because there aren't many lights coming off the bridge. Oak St would probably have the same problem - but as soon as you get off the bridge, there is a light which slows down traffic.
That said - I still go over the limit, but there's a pretty big difference between going 60-70 in a 50 zone, compared to 90 - which is almost double the limit.
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