Perhaps not in the US, and perhaps not now. But the first thing that came to mind for me was the Hong Kong MTR, which started as an extremely successful statutory corporation that only later was privatized (and that with dubious results). Same with the Housing Authority in the same territory, which also was well-run until it was privatized and begun to sell off assets to private enterprises that turned the screws on renters.
There's also the more fundamental question of whether a public good like transit should (and can!) be run for profit and at the same time benefit the entire population and economy. It's possible that's only feasible in some cases, not others. (Of course, NY should be able to turn a healthy budget given the population density.. the mismanagement is evident)
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Perhaps not in the US, and perhaps not now. But the first thing that came to mind for me was the Hong Kong MTR, which started as an extremely successful statutory corporation that only later was privatized (and that with dubious results). Same with the Housing Authority in the same territory, which also was well-run until it was privatized and begun to sell off assets to private enterprises that turned the screws on renters.
There's also the more fundamental question of whether a public good like transit should (and can!) be run for profit and at the same time benefit the entire population and economy. It's possible that's only feasible in some cases, not others. (Of course, NY should be able to turn a healthy budget given the population density.. the mismanagement is evident)