Why Tokyo's Subway Makes Money While New York's Goes Broke

Описание: Tokyo Metro carried more passengers than New York's subway last year. It runs fewer lines. It has fewer stations. It made $340 million in profit.
New York's MTA lost $8.3 billion. It carries $44.5 billion in debt projected to reach $87 billion by 2034.
Same size city. Completely different result. The reason comes down to one decision made in 1940 that was never revisited.
KEY TOPICS:
Why Tokyo Metro is a profitable private company.
How New York's flat fare created 85 years of structural deficit.
MTA debt: $44.5B today, $87B by 2034.
Why Tokyo apologizes for 20-second delays while NYC's B train is late 35% of the time.
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