The costs for car-based infrastructure are also sky high: $1+ million per mile of new road, excluding constant maintenance in repavings, potholes, and drainage systems. [1]
From an economic lens, transportation infrastructure is a net gain to the economy. To me, there is no reason why public transit subsidies should be scrutinized on financials above and beyond how public roads are scrutinized.
If we recognize roads are useful, then public transit should be an even more efficient use of taxpayer dollars on mobility per infrastructure footprint costs alone -- even before carbon reductions are considered at all.
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[0] https://www.strongtowns.org/journal/2021/5/12/6-principles-f...
[1] https://www.strongtowns.org/journal/2020/1/27/how-much-does-...