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Most of the value created by public transit goes into the land near the stations. Employers want offices near stations and employees want homes near stations.
by klipt 2y ago
Most of the value created by public transit goes into the land near the stations. Employers want offices near stations and employees want homes near stations.
You can recover as lot more money from taxing the land than from fares.
- Sabinus 2y agoI read about train infrastructure development that was privately funded and built from the profits from land speculation near the new stations.