Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Maintaining real estate values IS an economic growth justification for rail.  

But that's a good question.  I'm not sure the math holds out for rail (or any other new mode of transportation) without economic growth.

Here's a proposition to ponder: Without economic growth, there is no need for any expansion of transportation infrastructure.

by santiago on Mon Nov 15th, 2010 at 11:35:10 AM EST
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