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I'm as pro-transit as they come, but that "analysis" of St. Louis is semi-bogus. By starting in 1996 they leave out the initial capital construction cost of the system (but they do include the capital construction costs of some significant expansions in 2001 and 2003.)

Once you build the system, the capital and operating costs of light rail are cheaper. And I think when you annualize the construction cost and spread it out over the life of the bonds you use to pay for it, the cost is still competitive with bus service, and you get more and better transit service with rail.

Of course, the real tragedy in all this is that we are now having to build these rail systems all over again after cities foolishly abandoned and tore up billions of dollars worth of existing infrastructure 50 years ago.

by MLD on May 31, 2012 2:21 pm • linkreport

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