| | Yes, the NYC subway is today owned by the government of NY, but was originally built by private investors.
As we can see, there is a gradual decay in the subway system operated by the government. However, this is not necessary due to the government, because in Germany we also have subwaytains and they run without such failures, but are also a lot more expensive (they can only operate, because the state is paying the losses at which they run).
I don't know whether an inner-city public transportation system could operate privately on the long run, because there is not much profit in it.
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