@reihan Agreed. In the Bay Area right now, we have $9.6B in maintenance needs for BART.
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@reihan some of the counties all have bonds going to ballot in Nov. A lot of it looks like pork though.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@reihan They own and manage the land surrounding the stations.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@reihan In the US, the increase land values get captured by everyone else, not the transit system.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@reihan is that also because non-US transit systems also cover more densely populated metropolitan areas?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@reihan HK has a corp, but the key part is that the transit is a loss leader for land revenues. -
@kimmaicutler@reihan Common misconception. HK's MTR is profitable without the real estate: https://pedestrianobservations.wordpress.com/2011/08/14/quick-note-the-hong-kong-mtr-is-profitable/ …
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@reihan@alon_levy@MarketUrbanism there were similar issues w MUNI http://www.sfweekly.com/sanfrancisco/the-muni-death-spiral/Content?oid=2176739 …@njudah would know. -
@kimmaicutler US commuter rail (Caltrain, etc.) is the worst, with all of the conductors, conductors' assts, ticket takers, etc.
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@kimmaicutler public transpo in Asia often operates as a RE devel scheme, buy adjacent land, build high density, works well. verbotten here.Thanks. Twitter will use this to make your timeline better. UndoUndo
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