Re:One-Of-a-Kind Private Train Takes on Florida’s Traffic Ni...
by jameshart on Monday May 21, 2018 @08:07AM
(#17117758)
The classic funding mechanism that matches best with that model is municipal bond issues, where private funders get to tap into the future revenue stream of the region as a whole and the local government get cash up front to spend on capital investment. Since the government does capture revenue from those positive externalities (via a more robust tax base) it aligns incentives nicely. Not sure why they seem to have gone out of favor to be replaced with public-private-partnership type arrangements, where the private entity gets just profits from tolls or tickets in exchange for fronting some cash.
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