Japanese transit providers know the answer to this--public transit is a *real estate venture* before anything else.
American transit providers--even where they DO own real estate--don't think of themselves as developers
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Translink isn't a developer, but encourages TOD on top of its stations, and this has led to high ridership on SkyTrain.
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encouraging development = acting like a developer at one remove; that ridership is good but they could also use the revenue...
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...from handling the development themselves, no?
End of conversation
New conversation -
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It's viable in the sense that SkyTrain probably breaks even - it's hard to say because it's fare-integrated with buses, which don't.
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By the way, one example in North America: SkyTrain and Metrotown were built at the same time.
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