That is precisely why support the PPP for TTC over a pure public sector project.
And yes, a pure private sector arrangement would be better than a PPP. But a pure private project will never have the power to condemn and because of that, it can't be done.
It has been quite a few years and many will probably not recall Texas' attempts to implement high speed rail by the private sector. The entity that was awarded the franchise had the money and the capabilty and had they been able to acquire the land at prevailing market prices(or somewhat higher), that highspeed rail would have been built. But they didn't and it wasn't.
In the years since, there has been much work done federally and locally to set up the mechanisms and regulations to allow PPPs to be used. This is the future for Texas and the nation.
There is a definition for this. It's called socialism. The companies are nominally privately owned, but under strict control of government.
so‧cial‧ism /ˈsoʊʃəˌlɪz
əm/ Pronunciation Key - Show Spelled Pronunciation[soh-shuh-liz-uh
m] Pronunciation Key - Show IPA Pronunciation
1. | a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole. |
2. | procedure or practice in accordance with this theory. |
3. | (in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles. And no, I'm not doing the hyperbole thing here either... |