Aaron M. Renn

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Why Transit Used to Be Profitable and Isn’t Now

February 23, 2010 By Peter Christensen

It’s a complicated issue, so here’s a little background (I have a Masters in Urban Planning so I’ve read a lot). Streetcar lines (and subways in some places) were profitable businesses, just like railroad lines. But there were a few features that we don’t have today. First, it was a new mobility technology so it opened up land that was too far away to be developed. There is no such land now in metro areas because highways and have cars make all areas equally accessible. Second, they were a real estate play as much as a transportation … [Read more...]

Filed Under: Planning, Transport, and Environment

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About Aaron M. Renn


 
Aaron M. Renn is an opinion-leading urban analyst, consultant, speaker, and writer on a mission to help America’s cities and people thrive and find real success in the 21st century. (Photo Credit: Daniel Axler)
 
Email: aaron@aaronrenn.com
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