Anyone know why public service always goes bankrupt? Lol
What does the fund pay for?
And why I always loose money?
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public player plays for public roads (city roads). And he has no income to compensate this.
Can the public player still found new industries despite being m****ively in debt?
Is it considered 'cheating' to switch to public player to alter a city and/or found new industries?
Yep.
I think you should answer that question for yourself. If you consider it as a kind of government then you can imagine founding new industries is the same as government support for an economy in crisis. Same goes for alterations in a city or for connecting cities with roads.
On the other hand, if you take a more liberal view, then it is out of the question to use the public player for these kind of things.
In short, you can elect your own government... ;)