Powerful-Attorney-26
Powerful-Attorney-26 t1_jcruo9l wrote
Reply to comment by ChrisFromLongIsland in NYC Subway Fare over last 120 years adjusted for inflation by dust1990
It isn't the unions. It is that the city needs the level of service to function.
Powerful-Attorney-26 t1_jcruhdq wrote
Reply to comment by RyzinEnagy in NYC Subway Fare over last 120 years adjusted for inflation by dust1990
The subways were taken over by the state in the 1960s.
Powerful-Attorney-26 t1_jcrtu3p wrote
Reply to comment by sutisuc in NYC Subway Fare over last 120 years adjusted for inflation by dust1990
The city had paid for the construction and let the private companies make the profits. The actual tracks and stations have always been owned by the city. Massive corporate welfare. And indeed the owners of the private companies make a fortune early in the subways' existence. First of all the seems were profitable themselves for about the first ten years, and the owners were able to engage in massive amounts of land speculation because they knew where the lines and stations were going to be put.
Powerful-Attorney-26 t1_jcrurx1 wrote
Reply to comment by damnatio_memoriae in NYC Subway Fare over last 120 years adjusted for inflation by dust1990
I think that the fsres stopped covering the cost about 1915.