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In some countries the transit companies (public or private) also become the landowners of the adjacent areas - this would be the "rail plus property" model. In
by icegreentea2 2y ago
In some countries the transit companies (public or private) also become the landowners of the adjacent areas - this would be the "rail plus property" model.
In fact, the rail plus property model allows the rail operate to better capture their added value, so it applies even in "private" scenarios. The most famous example would be Tokyo.
The goal shouldn't be for the public to be able to reap direct financial benefits from the induced activity around transit hubs, the goal should be to firstly to incentivize and maintain affordable, high quality, sustainable transit, secondly to provide more and better economic opportunities.
- shipp02 2y agoThis is the case in Hong Kong as well. The subway company is also involved in the malls built on top of them. There are malls and neighborhoods built entirely around the subway station
- delroth 2y agoSame in Switzerland, with the added quirk/bonus that shops in train stations are allowed to open on Sundays, when shops outside of train stations usually can't open due to employment laws. This wasn't originally meant as a way to increase attractiveness of businesses in train stations and other public transit places, rather as a way to make sure that people travelling have services available while on their way. But nowadays it's definitely a big reason for people to come specifically shop in train stations on the weekend.