What developers and investors really think about transit « Price Tags
September 11, 2012 Leave a comment
This post from Price Tags details what leaders in the field think about the future of transit and transit-oriented development. Long story short, they love it, and see it as the future of development. But John Cigna points out that “governments don’t have the money to build new light-rail lines and stations.” But, as the author points out, there never seems to be a limit for new road projects. “If urban regions really want to spur growth, they’d be laying rail,” they said. The author also quotes Christopher Leinberger, saying that rail is much, much more important than buses. I’ve talked before about the tech-sexiness of rail, and authorities such as William Lind say essentially that transit authorities shouldn’t even worry about buses.