In the near future, private companies will increasingly enter into what has recently been a public service. Cities will provide a transportation “platform”, consisting of policies, technology, and infrastructure. Enabling the private sector to tap into a base infrastructure to pursue new transit initiatives will be the new norm. Private-Public partnership projects such as CitiBike and the Chelsea Highline, mass adoption of an open-source mindset, and the development of regulations to manage non-traditional private enterprises are hinting at this future reality. Private companies will seek to enter the transit market for a variety of reasons, enterprising citizens will launch solutions to user problems, the city government will provide governance, and the public will comment on and determine the efficacy of these enterprises.
Hypothetical future events:
Ride-sharing services launch fleets of Autonomous WaterTaxis.
New technology enables citizens to harness and sell the energy they generate in walking, biking back to the city, creating a new energy economy.
City begins crowd-sourcing cleaning of public infrastructure, creating new business opportunities for citizens.
City develops a payment OS, unifying payment methods and enabling rapid policy change and private implementations.