Ah, your previous statement was unclear. I thought that 100% farebox recovery was a goal, but it is not.
Again, corruption covered by unlimited debt financing. It’s like the US has the worst version imaginable of all sorts of common things. Of course the LRT is not going to make back its costs if it’s not even designed to make back its costs. The best it can do is to be more efficient at getting people to their destinations than spending that amount on roads and parking garages.
Passenger rail used to be a profitable privately financed business, but they all went bankrupt because car infrastructure was massively subsidized, surface rail was missing its schedules due to congestion from cars, and operators were forbidden by law from charging enough to cover their expenses. Now, the existing public transit systems are subsidized by the government, with a few profitable routes that require a lot of unprofitable routes to make them viable; and a farebox recovery ratio of 35% is considered pretty high.
Also, I have learned not to trust Americans when they use words like “very dense.” Looking at ZipAtlas.com, the densest zip code in the Minneapolis-St Paul area has a bit less than 16,000 people per square mile. I think of San Francisco as being not very dense, and it averages over 18,000 people per square mile; over 53,000 in the densest zip code.
Again, corruption covered by unlimited debt financing. It’s like the US has the worst version imaginable of all sorts of common things. Of course the LRT is not going to make back its costs if it’s not even designed to make back its costs. The best it can do is to be more efficient at getting people to their destinations than spending that amount on roads and parking garages.
Passenger rail used to be a profitable privately financed business, but they all went bankrupt because car infrastructure was massively subsidized, surface rail was missing its schedules due to congestion from cars, and operators were forbidden by law from charging enough to cover their expenses. Now, the existing public transit systems are subsidized by the government, with a few profitable routes that require a lot of unprofitable routes to make them viable; and a farebox recovery ratio of 35% is considered pretty high.
Also, I have learned not to trust Americans when they use words like “very dense.” Looking at ZipAtlas.com, the densest zip code in the Minneapolis-St Paul area has a bit less than 16,000 people per square mile. I think of San Francisco as being not very dense, and it averages over 18,000 people per square mile; over 53,000 in the densest zip code.