Actually, they’ll cut back services even more and private enterprise will step in. U of Chicago has it’s own private police force and they patrol into the neighborhoods for about 6-8 blocks all around. They respond promptly and enforce the law fairly.
Keep in mind that by law if the Chicago Transit Authority abandons a route no one can replace them. Change that law and you’d have all kinds of transportation options.
Urban locations are ripe for this kind of free market innovation. If only we had a dozen Giulianis.
Public choice analysis?