Introduction to Transportation System Funding
American Monorail’s transportation financing and funding proposals would recast the relationships between communities, local governments, urban environments and the transportation systems that serve them, by realizing the value of community-owned property and facilities as monorail system rights of way, and engaging local governments and decision makers in joint development ventures with private monorail system builders and operators to serve the best interests of local taxpayers and communities. Fundamental and strategic changes in mass transportation planning and development proposed by the American Monorail Project paradigm would realign the sources, applications and burdens of funding and debt that implementation of transportation services impose on the states, regions and communities currently served by grossly over priced, yet marginally functional transportation systems.
Capitalizing on monorails’ unique advantages in virtually all aspects and characteristics of performance, adaptability, efficiency and cost-effectiveness, American Monorail articulates specific financial strategies for successful development, sustainable funding and long-term performance of monorail systems. The solution, or antidote to the current regional authority-dominated transportation planning and funding regimes that consistently produce inefficient, expensive and unsustainable mass transportation systems is likely to be found in the flexibility, adaptability and efficiency that monorail systems present to every level of community and government, as well as, to every level of the domestic US economy.
At the core of the new transportation paradigm set forth by American Monorail is a fundamental decentralization and realignment of transportation funding, away from currently inexorable tax-based revenue streams, toward transparent public-private joint venture financing of all aspects of mass transportation systems development and operation. American Monorail proposes to finance development and operation of new monorail services based on independent sources of funds, without competing for, or preempting existing transportation funding sources or processes. Enhanced municipal bond issuing processes and new financial institutions focused on development and operation of monorail systems should provide independent, yet strategically adaptable funding infrastructure for comprehensive implementation of all phases and elements of monorail system development and superlative transportation services.
American Monorail’s public-private joint development plans require minimal initial public expenditures, and virtually no public revenue or debt commitments from local governments or taxpayers, beyond the logistical and administrative costs of providing access and rights of way for development and operation of monorail systems on publicly-owned land and property uniquely suited for monorail system construction and operations.