When was the last time you heard anyone calling for a freeway to be profitable? (Or, for that matter, even unsubsidized?) When did we build our airports and overpasses to provide the best ROI? No, we build all these other transportation projects to provide the most public benefit possible. According to the CA-HSRA's own Business Plan, the way to do that is to set fares at 50% of airfare, producing nearly double the ridership in the first year, and around 30% more by 2035. This gets the most people off our roads and out of our airports as possible, and moves more people by clean, renewable electricity than any other option studied. Fares at 50% of airfare keeps the train operations sustainable while providing the most return-on-investment for the taxpayers, the citizens of California, who asked for this thing to be built. As far as I'm concerned, that ought to be the only criteria evaluated, and Wall Street can suck it. -Riding in Riverside
Wednesday, December 16, 2009
(Long) Quote of the Day
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