So, how long would it be before the fares pay for the system?
Oh, you mean that other people will pay for it even if they don’t ride it. Like Amtrak?
If one of these schemes were a good idea, private enterprise would have built it long ago and it would be so desirable to ride that people would pay what it actually cost to ride it.
If one of these schemes were a good idea, private enterprise would have built it long ago and it would be so desirable to ride that people would pay what it actually cost to ride it.
Don't be silly.
It would be foolish for the Transit Authority to privatize and lose all the tax advantages it enjoys as a non-profit organization.
As a quasi-government agency, it can borrow money at lower interest rates than a private company by issueing tax-free bonds. Then it's also exempt from having to pay all kinds of income and property taxes.
It's a much better route to go... the private sector can't compete with it.