The New York Subway Was Never Private

My friend Scott Beyer, who calls himself a market urbanist, has his heart in the right place but often has his facts wrong. He thinks he believes in free markets, but he loves transit so much that he can’t accept that, in a true free market, most transit would disappear.

New York City subway construction, entirely paid for by taxpayers, in 1901.

His latest article asks if America will “get private subways (again)?” The article makes it clear that he believes the New York City subways were built with private money. Nothing could be further from the truth. Continue reading