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What real estate? The railway companies got land grants because nobody (well, except the Native Americans...) owned the land they built on. The Boring Company i
by kobeya 9y ago
What real estate? The railway companies got land grants because nobody (well, except the Native Americans...) owned the land they built on. The Boring Company is going to be drilling under already owned land no matter where it goes...
- paulsutter 9y agoThey could option or purchase land, and decide the route of the tunnel based on what they're able to obtain. That puts them in a position to capture value. It could also increase regulatory competition among localities.
- nibstwo 9y agoI thought they didn't even need to own the land to build tunnels as long as they do it at the right depth?
- torinmr 9y agoI think the parent was saying that they would buy parcels of land where they planned to build stations, and then profit when that land appreciated due to the presence of the station.
- photojosh 9y agoThe term they're using in Australia when politicians waffle on about an East Coast high-speed rail system that's never going to happen is "value capture".