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Garrett
@garrett
I wish more American land developers understood this strategy back in the 1900s instead of building American cities for cars instead of people. Maybe we'll figure it out this century. It's hard for me to want to live anywhere outside of NYC because an urban pedestrian lifestyle isn't really possible anywhere else today in America.
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Ri
@rithikha
This is actually how transit x real estate development worked in the US for a lot of then-suburbs. Streetcar lines would also pay for the development of neighbourhoods (roads, sewage systems, etc) around their lines in places like LA.
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Garrett
@garrett
What happened? Why did streetcars stop running and stop being developed in a lot of places?
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Ri
@rithikha
cars and city regulations. Streetcar companies basically subsidized cars since they were required to maintain roads and pavement around streetcar lines. Once cars started outcrowding the streetcars the lines were much slower + by law they weren't allowed to increase prices, AND were required to keep up maintenance work. I guess an example of financial entanglement /PPP gone wrong
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