...By private companies.
People on this forum seem to take for granted that the most successful transportation systems were generally built by private companies. This includes the New York subway and St. Louis' trolleys.
Rather than focus on tax increases that stifle economic growth, we should look for ways that the city could grant trolley companies the ability to build tracks on streets. Under private leadership, we would not hear about "cost overruns" and much less likely hear about delays because the people building it would have their money on the line. This is economics 101. Private street car companies would have more incentive to run efficient cars with good employees and clean cars for less money. If they didn't, then they would lose customers which equals money out of their own pocket. On the otherhand, bureaucrats running the line would have no personal financial stake in the success or failure of the line and would only have to ask the government for more operating money if they operated at a loss.
Not only that, but I imagine that the builders of these lines would also have considerable incentive to make the neighborhoods surrounding the line desirable places and would invest in considerable rehab and infill projects. A historical example of this is Davis Place in Clayton. The builder of this neighborhood was also a stockholder in the trolley line that ran down Wydown and right up to the piece of land that Davis Place is situated on (I read this in the book about the history of Clayton). I am sure that this is not the only example. Imagine if a company got the rights to run a trolley to Old North Saint Louis through the 14th street mall. Stockholders and owners would be the first to invest in the rehab of the commercial buildings lining the street.
Building a trolley line would cost a lot of money, but Joe Edwards has already raised a lot of private money for the Delmar line. If the company issued stocks a lot of residents and business owners would buy those stocks because it would mean a lot more business, convienence, and property value increases.
We tried this before and ended up with one of the world's largest trolley systems, why wouldn't it work this time?
People on this forum seem to take for granted that the most successful transportation systems were generally built by private companies. This includes the New York subway and St. Louis' trolleys.
Rather than focus on tax increases that stifle economic growth, we should look for ways that the city could grant trolley companies the ability to build tracks on streets. Under private leadership, we would not hear about "cost overruns" and much less likely hear about delays because the people building it would have their money on the line. This is economics 101. Private street car companies would have more incentive to run efficient cars with good employees and clean cars for less money. If they didn't, then they would lose customers which equals money out of their own pocket. On the otherhand, bureaucrats running the line would have no personal financial stake in the success or failure of the line and would only have to ask the government for more operating money if they operated at a loss.
Not only that, but I imagine that the builders of these lines would also have considerable incentive to make the neighborhoods surrounding the line desirable places and would invest in considerable rehab and infill projects. A historical example of this is Davis Place in Clayton. The builder of this neighborhood was also a stockholder in the trolley line that ran down Wydown and right up to the piece of land that Davis Place is situated on (I read this in the book about the history of Clayton). I am sure that this is not the only example. Imagine if a company got the rights to run a trolley to Old North Saint Louis through the 14th street mall. Stockholders and owners would be the first to invest in the rehab of the commercial buildings lining the street.
Building a trolley line would cost a lot of money, but Joe Edwards has already raised a lot of private money for the Delmar line. If the company issued stocks a lot of residents and business owners would buy those stocks because it would mean a lot more business, convienence, and property value increases.
We tried this before and ended up with one of the world's largest trolley systems, why wouldn't it work this time?






