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Old Posted Aug 19, 2018, 9:46 PM
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Join Date: Jun 2018
Location: Loop, Chicago
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Quote:
Originally Posted by Sun Belt View Post
We're almost coming full circle.

Transit systems that used to be privately run, for profit, offering extensive coverage for a low fare. Then these services were replaced by publicly funded government agencies that reduced service, let infrastructure crumble, are massively inefficient with ginormous budgets and now we're back towards private companies [Uber, Lyft, Bird, Boring Company and more] coming up with transportation solutions that these regional transportation systems could never do.
The profit part is the killer here. We'll see what happens when VC's stop burning their money on these things.
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