3 ms·
I haven’t looked at those numbers, but I would expect a rail system to increase revenue from activities near the stations. Especially since we really do need t
by Decade 10y ago
I haven’t looked at those numbers, but I would expect a rail system to increase revenue from activities near the stations.
Especially since we really do need to transition to a post-carbon future. Effective transit would allow us to increase housing density and commercial activity while decreasing per-capita use of fuel, water, and other resources. Leading to higher revenue from income tax, property tax, and sales tax, that does not show up on the train’s own profit/loss statement.
We just have to be realistic about it. A problem of the California HSR is that the officials have been coy with the actual numbers. Perhaps they are spooked by the disaster that has been Amtrak: Slow, expensive to ride, yet still losing money. We need to recognize that a good rail system can be subsidized, and still give a net benefit to the community and the government.