The idea of having Boring Company pay for the construction and then reap the profits strikes me as a really great idea.
When the government pays for construction, the contractors don't have a strong incentive to actually finish the project. They'll keep getting paid no matter how long it runs over or how over-budget it goes.
But in this situation, Boring Co won't make any money unless and until they get it up and running.
I know nothing about this. Has this been done successfully before? What are the potential downsides I'm not thinking of?
When the government pays for construction, the contractors don't have a strong incentive to actually finish the project. They'll keep getting paid no matter how long it runs over or how over-budget it goes.
But in this situation, Boring Co won't make any money unless and until they get it up and running.
I know nothing about this. Has this been done successfully before? What are the potential downsides I'm not thinking of?