Transit (and freeways) as property development schemes are very underecognized, thanks for pointing this out. The Henry George Theorem (Sitglitz 1977) states t

Transit (and freeways) as property development schemes are very underecognized, thanks for pointing this out. The Henry George Theorem (Sitglitz 1977) states that (in the right conditions) funding of public goods like transit and freeways increases the land value and therefore land rents by more than the investment amount. Namely, it creates value, but for whoever owns the land. Changing to less car centric development has the potential to vastly increase value. I'd advocate for a land value tax to fund the public investment, but would be happy with whatever non-car centric options are made available, honestly.