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This is sort of the model that Brightline (Fortress Investment) is using. They are spending money on the train service in hopes of increasing the values of thei
by stetrain 3y ago
This is sort of the model that Brightline (Fortress Investment) is using. They are spending money on the train service in hopes of increasing the values of their real estate investments.
- ecshafer 3y agoIts a smart investment strategy. If you can offer someone a walkable little neighborhood where they can live, walk to a a gym, grocery store, and a couple bars or restaurants, AND also walk to a train that can take them to work and a few more areas. That is an attractive offer. Even if the person still has a car, people seem to enjoy not driving everywhere.
- stetrain 3y agoYes. I actually think this should apply to publicly run systems as well. It seems like in the US we often lament that government run systems run at a loss instead of a profit, but also tend to hamstring them from doing things (like building shopping, dining, offices, housing on top of transit stations) that a private enterprise would do to make its investment profitable.