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By Brandon (registered) | Posted October 09, 2009 at 21:25:00
Cheap transit is a public good because it means that more people will use it.
Benefits? Less cars on the road means less traffic for drivers to negotiate with. It means less pollution. It means less wear on the roads which reduces construction.
It's also been demonstrated in Portland that LRT with its fixed rails and terminals (as opposed to bus stops that are easily moved) encourage significant private investment as the investors know that there will be a steady stream of people past their stores. In fact, after 9 years of existence there was 2.28 billion dollars of investment within two blocks of the streetcars.
A guaranteed government investment provides a good incentive for private investors to sink their capital in as well.
I am disappointment in you're grammar.
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