Urban Transportation Projects as Market Failures
The Seattle Times today presented one of the best arguments I have seen for terminating the Monorail Project: • Operations would almost certainly have to be subsidized somehow Koupit Clomid , as no public-finance expert interviewed by The Times believes the monorail’s claims that it can support itself from fares, ads and self-generated revenue. “Typically, urban transportation projects in the United States are not self-supporting,” said Scott Trommer, senior director at Fitch Ratings, one of the nation’s three bond-rating agencies. “They require subsidy support, from some kind of dedicated tax or government grants.” And, terminate all the other analogous projects....