Write economist Raymond Niles and urbanist Kyle M. Kirschling on the importance of a Substeading Act:
Imagine if getting to the airport were as easy as riding an elevator, if trains were as clean and comfortable as a limousine, if it took half as long to get anywhere in the city. In this paper, we show how Substeading (underground homesteading) can achieve this within a generation. In addition to proposing a new legal technology, we present specific projects that would be profitable today, despite high tunneling costs.
Substeading is economically powerful, based on proven technology, and could transform big cities in a generation.
Substeading would create brand-new and conveniently-located rights-of-way, ideal for new urban transportation networks and other infrastructure.
Substeading is politically practical because it has minimal environmental impacts, requires no government funding, and doesn’t use eminent domain.
Substeading would naturally pave the way for bigger and better cities by nurturing new construction and infrastructure technologies and by eroding regulatory obstacles to new development.
You can download their free report at substeading.com