Tag: hong kong
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Ameraissance of Transportation Finance
“New York never stops. From morning-rush commuters to late-night club-goers, from school children on subways to seniors on buses, millions of people rely on the Metropolitan Transportation Authority (MTA) to get them through their daily lives. Without a robust and well-maintained network of railroads, subways, bus routes, bridges, and tunnels, New York as we…
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Value Capture and Joint Development
What does real estate have to do with public transportation? Actually, quite a lot. From Michigan Central Station in Detroit to the Hudson Terminal, Helmsley Building, and Hotel Pennsylvania in NYC, American railroads of the 20th century maintained a profit partly due to the transportation hub real estate assets they developed, owned, leased, and/or maintained vis-a-vis value…
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Transformation Hubs
Most Americans did not own cars in the early 20th century. There were no trucks, there were no planes. Instead of taking the highway or heading to the airport, people went to the train station. Indeed, railroad transportation was essentially the only convenient way to get around. Intercity passenger railroads were profitable. Commuter lines were…