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The Metropolitan Line of the London Underground was partly funded on that model. They bought farmland, built out a commuter railway to it, then either built hou
by pmyteh 6y ago
The Metropolitan Line of the London Underground was partly funded on that model. They bought farmland, built out a commuter railway to it, then either built housing or sold land at a profit in order to get capital receipts to part-pay for the railway and customers to ride it in perpetuity.
- rob74 6y agoYup (see also https://en.wikipedia.org/wiki/Metro-land https://en.wikipedia.org/wiki/Metro-land). But that was before city planners in the West started catering almost exclusively to the automobile...