I think the main takeaway from this is that the American system of financing and then capturing benefits from mass transit infrastructure is flawed compared to other countries.https://twitter.com/AlecMacGillis/status/935961443568177152 …
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In other countries more of the increased land value is captured to finance the project itself, finance ongoing transit access/maintenance or to provide other public benefits.
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But I would hate to see people interpret this story as a reason to never invest in more mass transit. Let’s figure out a better way to do value capture in America.
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End of conversation
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Spot on
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