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We present methods and applications for the development of digital twins (DT) for urban traffic management. While the majority of studies on the DT focus on its “eyes,” which is the emerging sensing and perception like object detection and tracking, what really distinguishes the DT from a traditional simulator lies in its “brain,” the prediction and decision making capabilities of extracting patterns and making informed decisions from what has been seen and perceived. In order to add value to urban transportation management, DTs need to be powered by artificial intelligence and complement with low-latency highbandwidth sensing and networking technologies, in other words, cyberphysical systems (CPS). We will first review the DT pipeline enabled by CPS and propose our DT architecture deployed on a real-world testbed in New York City. This paper can be a pointer to help researchers and practitioners identify challenges and opportunities for the development of DTs; a bridge to initiate conversations across disciplines; and a road map to exploiting potentials of DTs for diverse urban transportation applications.