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Regarding metros and profitability: someone can correct me if I'm wrong, but I believe that the Tokyo subway system (which is operated by a byzantine-like varie
by keiferski 6y ago
Regarding metros and profitability: someone can correct me if I'm wrong, but I believe that the Tokyo subway system (which is operated by a byzantine-like variety of companies) does turn a profit, specifically because it owns the real estate around the stations.
This seems like a better route than a blank check "it shouldn't need to be profitable", which, when comparing American public transit to Tokyo's, doesn't seem to actually make service any better.
- hobofan 6y agoThe MTR of Hong Kong is also a prominent example of a profitable transit system.
- namdnay 6y agoyeah but it's hard to determine "real" profitability when all the initial investment was made by the state and hte company itself is partly state-owned. i think the profitability or not is a bit of a red herring