Very different from the transportation-real estate synergy that exists in Japan and Hong Kong.
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Replying to @380kmh @alon_levy
American transit providers--even where they DO own real estate--don't think of themselves as developers
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Replying to @380kmh
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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Replying to @alon_levy
encouraging development = acting like a developer at one remove; that ridership is good but they could also use the revenue...
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Replying to @380kmh
They could, but the corruption would be immense if a public agency or private monopoly could do that.
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Replying to @380kmh
Japan has competition! What works in a city of 35 million doesn't necessarily work in smaller cities.
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Replying to @alon_levy
when it comes to rail, area is a better guarantor of competition than population--HK has the population but no area
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Replying to @380kmh @alon_levy
Tokyo's private companies cover approximate slices of the suburbs; Keio isn't competing with Keikyu, for instance...
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...except insofar as someone living in Keio turf can move to Keikyu turf
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