Quote:
Originally Posted by Busy Bee
This isn't remotely true. Did you read the article? Have you read any article about the private-municipal ownership transition in the US due to low fares starving capital improvements?
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I was talking about operating revenues and operating costs, not capital revenues or capital costs. Of privately-owned, for-profit streetcar lines.
And I wasn't talking at all about the failure of all those old streetcar systems, I was talking about the potential success of new ones.
Why all those systems failed is not the main focus of the article and the article is wrong about that anyways: the largest, surviving streetcar system in North America, the Toronto streetcar system, mostly operates in mixed traffic.
But still, capital improvements such as ROW is still a matter of increasing efficiency. It's still ultimately about cost recovery. All these systems failed, and all these new system are failures, while Toronto's system is successful is because it maintained a sustainable cost recovery ratio. And a large part of that is because the Toronto streetcar costs $3.25 to ride, not $1.50.