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Re: Doubling the subway fare in 1948

Posted by Jackson Park B Train on Sun Apr 14 17:07:16 2019, in response to Re: Doubling the subway fare in 1948, posted by Andrew Saucci on Sat Apr 13 13:07:14 2019.

no, the SAS funding was not fare dependent. It took decades for the pols to figure out that transit CANNOT be self-sustaining by farebox receipts alone. The costs to build infrastructure and maintain fleets for rush hour crowding make this so. The single counter example, Hong Kong, depends on lucrative real estate rents--imagine the MTA owning/collecting rents on essentially ALL of the office buildings along the major trunks.


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