New York Subway: Success or Failure? | The Antiplanner
The New York transit system is one of the few successful transit system in the country. Still it recovers less than 50% of costs from riders. The rest comes from taxpayers most of whom don't use the system. It is also over crowded during rush hour commuting.
More below the fold.
On of the primary drivers of the overcrowding problem is the city's failure to allow landowners to optimize use of land, via mechanisms like rent control. If landowners were allowed more freedoms to build, it is likely development would occur which would allow more New Yorkers to live closer to work, for much lower housing costs. This would naturally reduce the need for transit, reducing overcrowding. But the city progressives know best, and rent control remains in effect.
This is a good article which deserves a read.