Why is there no subway in Xiangyang?

I believe everyone knows that the three cities with the highest level of economic development in Hubei Province are Wuhan, Xiangyang and Yichang. But for such an economically developed city, Xiangyang has no subway, so why doesn't Xiangyang have a subway?

1, the population scale can't reach, if the subway is built, the city population will be too small, and it will often be empty.

2. At present, buses and taxis are still not full, except in the morning and evening rush hours 1 hour, which is convenient for travel and has seats.

3. Look at the third-and fourth-tier cities in China, and some have built subways and light rails, all of which are operating at a loss.

The above is an introduction about why there is no subway in Xiangyang. It is better not to repair it, and taxpayers' money should be spent on the cutting edge.