This post originally appeared on Orphan Road.
From an article in Vancouver Island’s Goldstream News:
Several communities across North America, including Portland and Seattle, have built them using a public, private partnership – otherwise known as P3s – where business teams up with municipal and senior governments to share the development costs, said [Charles]Hales.
Because business and developers, including those proposing highrise projects on the West Shore, gain huge sales benefits,
Hales said the private sector has financed 50 per cent of Portland’s new transit system and 60 per cent of the new rail commuter system in Seattle.
Really? Where does he get that from? Hales was a Portland City Commissioner for a decade, so he’s a legitimate source. Maybe the article was just poorly written.