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| Re: $6.9 Billion Second Avenue Subway Phase II a “bargain”? (1592037) | |||
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Re: $6.9 Billion Second Avenue Subway Phase II a “bargain”? |
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Posted by Jackson Park B Train on Tue Dec 7 23:08:27 2021, in response to Re: $6.9 Billion Second Avenue Subway Phase II a “bargain”?, posted by Fisk Ave Jim on Tue Dec 7 20:32:51 2021. AFAIK, there is exactly ONE rapid transit system making a profit--not genuinely from the farebox but from the TOD real estate surrounding the stations--MTR in Hong Kong. That cross subsidy BTW was the idea behind the PANYNJ buying the bankrupt H&M which gave us the whole Twin Towers and surrounding development. I remember going to Lafayette down there for electrical parts when Hudson Terminal (even earlier TOD) was still occupied. |
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