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Having rail operators also act as real estate companies is pure genius IMO -- it creates a profit motive for dense, transit oriented development, without any ne
by warning26 4y ago
Having rail operators also act as real estate companies is pure genius IMO -- it creates a profit motive for dense, transit oriented development, without any need for onerous top-down planning.
- closeparen 4y agoUS cities are committed to prioritizing transit improvements for the same poor and marginalized communities where they are also committed to slowing gentrification by preventing development. If it’s a place where development would be welcome then it’s an inequitable use of transit dollars. Meanwhile a transit project does not get off the ground without assurances that it will not change the places being connected.
- wardedVibe 4y agoThis is actually what drove the streetcar development process in LA, but instead of renting it out, the developers/car operators just sold it and peaced out. This left the trams to atrophy, separated from the land value they drove until the car companies bought them to put a nail in the coffin.
- panick21_ 4y agoThis is literally how the US moved west and how most cities in the US were developed.