> Comparing cities doesn't makes for a serious comparison...?
No; comparing antiquity Rome (a city whose collapse is a subject of ongoing historical debate) to NYC (a city that was built 2600 years later) does not make for a serious comparison.
Better comparisons would be present-day Tokyo, London, Moscow, Paris, etc. These cities have similar infrastructural problems that they've been able to solve in ways that NYC hasn't, sometimes for political or historical reasons (e.g. being bombed so thoroughly that building new infrastructure is the only reasonable option).
> And to be clear, I love the NYC steam system, but for romantic reasons, not economic.
I don't love it, or hate it. I recognize that it's a piece of infrastructure, and that infrastructure comes with assumptions. You can either pay to maintain those assumptions, or pay to upend them. Either way, you pay. With NYC paying to maintain them is frequently optimal, since upending them requires revisiting other, even more costly assumptions.
For NYC's steam system, concretely: there's been no real public noise from ConEd about the system's unmaintainability or unsustainability. They recently agreed to a new rate/fee schedule with the state PSC[1], on which I can find no significant controversial reporting.
Edit: to make it more clear: ConEd's steam network provides heating and industrial steam to around 1500 buildings in Manhattan. That's 1500 buildings, most of which are near or over a century old, that would need to have steam boilers retrofitted into their basements (or have their entire steam plumbing ripped out and replaced with something else). That's a lot of time and money in already one of the world's most expensive labor markets.
[1]: https://dps.ny.gov/system/files/documents/2023/11/pr23116.pd...