The purpose of this study is to analyze the impact of lowering speed limit on an urban transportation network. A microscopic traffic simulation model, Vissim was utilized to measure the impact. Also, various traffic inputs were tested with different signal coordination scenarios to investigate the impact in different traffic conditions. It was found that during early morning hours with very light traffic, the impact of lowering speed limit was significant. During congested time periods, including level of service E and F, the travel speed reduction from lowering speed limit was not significant. As suggested in other studies, the results demonstrated that lowering the speed limit does not have a significant impact on average travel speed in congested traffic networks. Also, different signal coordination was tested. As expected, signal coordination based on the lowered speed limit performed better than the case with signal coordination based on the previous higher speed limit. The results of this study are expected to provide insights when considering lowering speed limit for existing traffic networks.