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Point of public transit isn’t to make money by fares, it’s to generate value at the destinations. I find it silly how people complain that American rail in gene
by presentation 6y ago
Point of public transit isn’t to make money by fares, it’s to generate value at the destinations. I find it silly how people complain that American rail in general loses money, without addressing the fact that American rail systems make horrible use of the real estate of their stations - in most of Asia there’s huge mixed apartment, office, retail complexes on every station owned by the rail companies - and guess what it’s good for business when you build a human funnel into real estate you control, see how profitable JR/HK MTR are.
- deepnotderp 6y agoEven the Shinkansen lines had a lot of their debt forgiven when they transitioned from public to private assets