I am not so simple as to think that the City of Lexington could fund a demonstration scale streetcar line, along the lines of Cincinnati or Charlotte, as a public project. In these uncertain economic times, I am not sure how any city can initiate these kinds of projects.
I have read the history of the streetcar system of the early 20th Century where the mule cars and eventually the electric powered cars operated by franchise within the street rights of way. This is the same method employed by the local utility companies today. They(the utilities) own the transmission facilities, the poles, the wires, the pipes and all, and pay for the privilege to use the public street space. Lexington's first streetcars were owned by a corporation which traded shares either publicly or privately, just like the utilities of today. Can someone tell me why this scenario would not work in this day and time?
In a day when a billionaire like Warren Buffet will buy a railroad, European rail companies are expanding into the U.S. and the President of the United States is pushing rail transportation services of all kinds, why cannot someone form a corporation to build streetcar systems for cities?
I have read the history of the streetcar system of the early 20th Century where the mule cars and eventually the electric powered cars operated by franchise within the street rights of way. This is the same method employed by the local utility companies today. They(the utilities) own the transmission facilities, the poles, the wires, the pipes and all, and pay for the privilege to use the public street space. Lexington's first streetcars were owned by a corporation which traded shares either publicly or privately, just like the utilities of today. Can someone tell me why this scenario would not work in this day and time?
In a day when a billionaire like Warren Buffet will buy a railroad, European rail companies are expanding into the U.S. and the President of the United States is pushing rail transportation services of all kinds, why cannot someone form a corporation to build streetcar systems for cities?