> public transit does create value - the question is who captures it.

Overpaid transit employees, engineering firms, and construction companies.

That's a minuscule amount of the value it creates. And that's a problem, and a problem we can only fix by privatizing it. But most of the value it creates is for the landowners around it. And that's why successful transit companies are also real estate developers. Even in our own history, that's how private transit worked before we killed it.