The Sky's The Limit For Public-Private Aerial Transit
By Frank Rapoport, Peckar & Abramson PCJanuary 6, 2017, 2:04 PM EST
Law360, New York (January 6, 2017, 2:04 PM EST) -- We may be looking skyward for the future of urban transportation. Consider crossing the Hudson River 100 feet in the air by gondola from Rensselaer's Amtrak station to Albany's capitol complex — all in four minutes. Aerial transit systems are now being explored to transport commuters and tourists in such urban locations as Miami, Philadelphia, Boston, Baltimore, Chicago, Washington D.C. and San Diego, to name a few.
The public-private partnership (P3) model is emerging as a favored way of delivering and maintaining these green and cost-efficient...