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By Con Black (anonymous) | Posted November 06, 2008 at 11:16:54
Remember building infrastucture was core to the New Deal that helped us get out of the great depression.
As a return on investment, LRT will do well whether or not the economy is hot. If it's on fire, downtown development will take off, and if it smoulders, more people will switch from cars to public transit. It's recession proof.
Aerotropolis on the other hand, as an investment can only do well if oil stays cheap for the next few decades, and only then in strong economic growth periods. As growth and oil prices are now linked by peak oil, you won't get both factors in your favour, ever again.
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