Re: San Jose's Light Rail after 25 years----inefficient etc
Author: mook
Date: 12-27-2012 - 15:16
I can't remember who said it, but when the VTA starter line was being promoted some wag said that they should just invest the money in bonds then use the interest to buy a taxi ride for every potential light rail customer -- and make money because there wouldn't be enough riders to use all the interest. Interest rates were in the 6-8% range at the time, but still...