loosecannon
Senior Member
- May 7, 2007
- 4,888
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What if the financing does NOT come from Wall Street?I doubt it but high speed rail could increase labor mobility. At the moment high speed rail is still evolving and locking in on a transitional form of technology is a hugely expensive error.Do you believe it's possible to substitute high-speed rail freight lines for large bodies of navigable water; thereby, opening up vast regions of the US interior to industrialization?
In 1919 the State of North Dakota began doing business as the State Bank of North Dakota. You are obviously far more knowledgeable about infrastructure than I am, so I'll just mention that state banks can offer mortgages at 2% interest and cap credit cards at 6% levels.
Could not fifty State Banks modeled on North Dakota finance high speed rail more efficiently than Wall Street?
I prefer financing it the way railroads were first financed. By imposing imminent domain over every square block along the proposed line at market value and then selling every other sq block once the route is set to be constructed at much higher prices. Every location business of any significance would need a location along the route, they could either buy space early or lease it for life. Either way the financing provides for itself.