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Fascinating post, however, the issue may not be speed at all, but permanence of the system. Busses tend not to produce local development because the bus route can be different tomorrow at very little cost to the bus company. If you're developing land you need long term guarantees the line will still be running. Streetcars require a certain amount of investment that can't be easily moved and so they inspire more development because there is some confidence the streetcar will run the same route next year. Subways require massive investment and are almost never removed or rerouted, consequently people are happy to make 30+ year investments based on where the lines are, they believe those lines will still be there and operating in 30 years.
Toggle Commented Apr 22, 2010 on is speed obsolete? at Human Transit
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Apr 21, 2010