SHM512_SHARED_TRANSIT Telegram 4284
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"Streetcar suburb" is the name reserved for the suburbs built in the late 19th century, early 20th century around streetcar lines. The streetcar lines were the main connection between these suburbs and the urban area they were attached to. Sometimes, the streetcar companies were deeply involved in the construction of the suburbs themselves, they would buy land that had little value on the outskirts of cities, then build a streetcar line through them. The streetcar would highly increase the desirability of the area and increase the value of the land. The streetcar company would then either divide the land and sell the lots at much higher prices than they paid or build the real estate themselves and sell or rent it.

This is what is called "value capture" and it was a major way streetcar and rail companies would fund themselves in the "old days". Many of these companies would actually be created by real estate giants, just to feed their main estate activities. Electricity companies would also be involved, resulting in huge companies that had many activities feeding each other, the very definition of synergy. Estate companies would build streetcar lines to build more real estate around them, they'd build power plants later on to run electric streetcars and sell the excess electricity to consumers.


И особенно интересен финал:

When antitrust regulations broke up these huge synergistic conglomerates, streetcar lines, that had been subsidized to feed value onto real estate activities, would struggle to survive, especially as fares were kept low by political pressure.


Социализм порешал рыночек... в США. При Рузвельте, но не том.

Впрочем, добила трамвайные пригороды всё-таки автомобилизация. И окончательно -- Великая Депрессия.



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Из статьи:

"Streetcar suburb" is the name reserved for the suburbs built in the late 19th century, early 20th century around streetcar lines. The streetcar lines were the main connection between these suburbs and the urban area they were attached to. Sometimes, the streetcar companies were deeply involved in the construction of the suburbs themselves, they would buy land that had little value on the outskirts of cities, then build a streetcar line through them. The streetcar would highly increase the desirability of the area and increase the value of the land. The streetcar company would then either divide the land and sell the lots at much higher prices than they paid or build the real estate themselves and sell or rent it.

This is what is called "value capture" and it was a major way streetcar and rail companies would fund themselves in the "old days". Many of these companies would actually be created by real estate giants, just to feed their main estate activities. Electricity companies would also be involved, resulting in huge companies that had many activities feeding each other, the very definition of synergy. Estate companies would build streetcar lines to build more real estate around them, they'd build power plants later on to run electric streetcars and sell the excess electricity to consumers.


И особенно интересен финал:

When antitrust regulations broke up these huge synergistic conglomerates, streetcar lines, that had been subsidized to feed value onto real estate activities, would struggle to survive, especially as fares were kept low by political pressure.


Социализм порешал рыночек... в США. При Рузвельте, но не том.

Впрочем, добила трамвайные пригороды всё-таки автомобилизация. И окончательно -- Великая Депрессия.

BY Репосты Жмудя - Транспорт


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