At the same time NYC and Toronto, we are removing protected bike lanes. In North America the acceptable amount of lives per year to sacrifice for a little convenience for drivers is above zero, and apparently rising.
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So it was able to avoid the effects of the density-misery spiral. But it'll get to experience them soon. The transit will become more crowded, traffic more jammed, the crime will go up, and the housing costs (of course) will skyrocket.