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Substeading

A Profitable Way to Build More Affordable, Convenient, and Prosperous Cities by Turning Underground Wasteland into New Transportation Corridors

Kyle M. Kirschling , Raymond C. Niles

Business & Economics / Corporate Finance / Venture Capital

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.

Radically improved urban transportation would greatly improve our quality of life and standard of living, and substeading would achieve this. Substeading is homesteading underground; it is a legal process that would allow new privately owned corridors to be brought into productive use from the unused subsurface.

Substeading is economically powerful, based on proven technology, and could transform big cities in a generation. It would create brand-new and conveniently-located rights-of-way, ideal for new urban transportation networks and other infrastructure. This would pave the way for bigger and better cities by nurturing new construction and infrastructure technologies and by eroding regulatory obstacles to new development.

Substeading is also politically practical because it has minimal environmental impacts, requires no government funding, and doesn’t use eminent domain. 

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