Mass transit is a public good (duh) and it usually has less than 100% fare recovery rates unless it’s Asia with Asian density + returns via increases in land value/rents.
There’s like trillions of dollars of value sitting in the Western half of the Bay Area.
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Yes, but can you extract enough of that value to build a subway in less than 3 decades? There's trillions of dollars in value in NYC too, and we can't dig a single tunnel, much less prevent the unions from striking.
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The Bay Bridge cost $1000 for every man, woman, and child in the Bay Area. And it's the Bay Bridge, so it's worth it, but there's a reason that they've never built the Southern Crossing at twice the length (and implied cost).
End of conversation
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