Comment by BobbyTables2
13 hours ago
There are probably some savings in externalities not accounted for as well.
Seems to me mass transit could reduce road maintenance costs, parking infrastructure, and such. Not to mention reduction in pollution and increase in desirability.
Unfortunately, it’s difficult to “capture” those savings explicitly. So it ends up looking like a taxpayer funded charity program…
I can't remember what the paradox is called but it has a name - in any big city, public transit sets the speed of car traffic. Cars always go at the same speed as public transit, door-to-door. If you want to eliminate traffic jams, improve the metro.