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Not profitable, But for whom?
Contracts that big have a lot of grease and going on. Someone's leasing that land from someone else.
The people In charge have a friend or two that own a few blocks of land just outside the site? Political capital, bribes, and contracts.
Hell, even the bus or rail line will face the same issues.
A lot of unprofitable ventures happen in government. It's a sneaky way too steal tax money.
I don't care or expect public services to be profitable, just lower cost and higher quality than a private Enterprise version.
Do we need quality, clean, reliable drinking water? Then don't depend on shitrag nestle, who will figure out how to make it a stratified subscription.
Hell, without competition, even taxis can be held to a standard.
We're going to pay a fortune for the government to provide safe infrastructure. But they're going to hire all the right people vet them and make sure they do it right. Until they don't.
Even NASA had to fall hard to get put back on track. I still think government services are the best option. Damn if the water isn't fucking muddy. Pun not intended but I kind of like it.
A lot of your points, valid as they are, can be addressed if we have good transparency and oversight.
Let's take advantage of how digital life has become, make reports accessible to the regular Jane/joe that detail where our tax dollars went.