private firms nearly went broke once running the subways

Reader comment on: Privatize the New York Subway

Submitted by lyle (United States), Jun 30, 2017 10:57

The subways were build privately in the first case but were teetering on the edge of bankruptcy when the city took over. I suspect that unless you raised the fares to the point where few could afford them the private operators would soon be teetering on the brink of receivership again.

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