How Franchise Terms Impeded Private Subway Construction in New York City Comparison with Concession Agreements for Early Subterranean Transit in Great Britain is popular PDF and ePub book, written by Kyle M. Kirschling in 2019-12-27, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, How Franchise Terms Impeded Private Subway Construction in New York City Comparison with Concession Agreements for Early Subterranean Transit in Great Britain can be Read Online from any device for your convenience.
How Franchise Terms Impeded Private Subway Construction in New York City Comparison with Concession Agreements for Early Subterranean Transit in Great Britain Book PDF Summary
New York could have had a practical and profitable subway in operation by the 1870s—financed entirely by the private sector—had franchise terms been as liberal as those in Great Britain. Although it would not have been as technologically sophisticated as the 1904 subway, it would have been superior to the elevated railways of the time. Moreover, permitting experimentation and entrepreneurship in New York City's transportation industry would ultimately have accelerated the development of subway technology. Regardless, given the political constraints, the DBOM public-private partnership model finalized in 1900 was extremely successful. The lines built under this model comprise half of today’s New York City Subway network. Fares were low, no government subsidies were required, and investors earned high returns (until the unprecedented inflation of World War I, which could have been resolved by allowing the franchisees to raise fares with inflation).
Detail Book of How Franchise Terms Impeded Private Subway Construction in New York City Comparison with Concession Agreements for Early Subterranean Transit in Great Britain PDF
- Author : Kyle M. Kirschling
- Release : 27 December 2019
- Publisher : Kyle Mark Kirschling
- ISBN : 978186723xxxx
- Genre : Business & Economics
- Total Page : 13 pages
- Language : English
- PDF File Size : 19,6 Mb
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