JeffDowntown
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Running an underground subway/light rail costs upwards of $100 million/mile plus the costs of land acquisition and construction of a costly underground station. The PDX MAX system is of course at grade and is technically a modern light rail, but they have ample land surrounding the airport and nearby Cascade Station area by the IKEA and aloft complex.
Especially in our local area people who take public transit are accustomed to making transfers, navigating the antiquated and IMO inadequate MBTA system with all its oddities. There are other airports like DFW (light rail is only from Terminal A) or PHL (SEPTA doesn't stop at international terminal A-West and runs infrequently) that have direct airport access, but each has its pros and cons. Even with a set-up like at ORD or LHR to get to the Picadilly line or premium geared Heathrow Express, it can still be upwards of a 15 minute walk from the passenger terminals 2 or 3.
Of course there is the counter example from a country that really gives a damn about serious rail connectivity, France.
At Charles de Gaulle outside Paris you not only have frequent RER service into central Paris, you have a full fledged TGV station right under the center of Terminal 2 (the major terminal) with high speed rail connections to most of the country. And Terminals 1 and 3 are connected to Terminal 2 by a very convenient local automated train the CDGVAL.