March 16, 2009
Posted in From the editor
Watch this interesting video about Hong Kong’s subway company, the MTR. It is a very profitable (!) mass transit company. The key? MTR acts as a real estate developer too, making sure to develop the real estate around any new stations that it opens (Why let private developers make all the profit, when it is the MTR that is spark for any increase in land value?). Vancouver has used the MTR as a model.
Alex
Very interesting! The MTR is the management company for my place, too!
Comment by Dane Scaysbrook — March 18, 2009 @ 1:07 am