I completely agree with this. Last time I was in New York, I was kind of dismayed that there is not tons of new construction going on. I would not be shocked

I completely agree with this. Last time I was in New York, I was kind of dismayed that there is not tons of new construction going on. I would not be shocked if the subways are still in use in 500 years. They are a tremendous investment, but they pay back over very long periods, and people absolutely adjust their way of life around this kind of infrastructure. Bonds can be issued to pay for the construction, and then repaid with the revenue from fares over many years. I think it would be difficult to argue that they don't add value, but it is not necessarily easy to estimate exactly what it is.