John Hennessy III,
P.E.
Written by Mary Scott Nabers President and CEO, Strategic Partnerships Inc. Hampered by outdated systems and infrastructure in need of repair, the John F. Kennedy International Airport in New York City has found a friend in New York Gov. Andrew Cuomo. The forward-thinking governor this week announced his $10 billion plan to redevelop the JFK […]
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Tell the Congress of the United States to lift the prohibition on tolling interstate highways for the purposes of reconstruction. Give the states the ability to toll their Interstate highways specifically for rebuilding those Interstate highways. Let them have access to one more tool in the toolbox. This is not a mandate; no state would be required to toll their interstates. This simply gives states the flexibility to choose the option to use tolls if it makes sense to the individual state.
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Last week, DOT announced another groundbreaking financial tool – a product of the Build America Bureau – and provided an example. The Central Puget Sound Regional Transit Authority (Sound Transit) and the Build America Bureau signed a pioneering, first-of-its-kind Master Credit Agreement (MCA). The agreement lays a foundation for working together to initiate four transit projects in the Seattle area. The projects, now that they are consolidated, will be eligible to receive close to $2 billion in financing. As a result of the MCA, the Build America Bureau will be able to close one deal that covers multiple projects.
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It would be wonderful – and significantly helpful – if taxpayers and public officials showed an outpouring of support for rebuilding the nation’s infrastructure. Congressional representatives need to know, without doubt, that there is home-town support for this. Without seeing support from constituents, it’s possible that the program could get delayed long enough to die a sad death. If that happens, the U.S. will remain vulnerable in the race for global leadership… and thousands of jobs that could have been created will be remembered only as “what might have been.”
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Written by Mary Scott Nabers President and CEO, Strategic Partnerships Inc. After the November election, infrastructure reform is one of only a few topics that can be discussed with civility. However, that doesn’t mean there aren’t conflicting opinions about how to fix the problems. President-elect Donald Trump has promised to infuse $1 trillion into infrastructure […]
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Written by Mary Scott Nabers
President and CEO, Strategic Partnerships Inc.
Public pension funds represent about 18 percent of American-based institutional investment in infrastructure. And, at the end of the first quarter of this year, the number of public pension funds investing in unlisted infrastructure funds rose 12 percent from last year and 76 percent from five years ago.
Since the very beginning of professional sports, cities have been contributing public funds to the constructions of stadiums in the hopes that such facilities would benefit their communities economically and culturally. However, more and more research calls the public sponsorship of sports into question. Is it truly advantageous for cities to invest in sports facilities, or would cities do better to reroute public funds to other community-building projects?
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Vol. 26, No. 8
The FAST Act, signed by the President on December 4, marks the beginning of the end for the Highway Trust Fund as we have known it. The $305 billion 5-year measure draws heavily on general funds (to the tune of $70 billion), and relegates to a virtual anachronism the “user pays” principle that was the philosophic foundation of the federal-aid highway program for the past 60 years.
Written by Patrick Jones
Over the last couple of years, a new group of players has burst onto the scene with the local knowledge and sense of urgency to break the financial deadlock behind our nation’s infrastructure crisis. With Congress still considering how to pay for a possible short-term or long-term highway transportation funding bill, it’s becoming ever clearer that regional and state governments hold the key to a tough problem that pits the value we attach to mobility against lingering resistance to paying for the services we need.
Texas A&M University recently announced plans to expand its student housing capacity by more than 3,400 beds with a unique agreement between public and private partners worth over $360 million. The announcement is similar to dozens just like it throughout the country. Student housing on university campuses is an extremely large, growing marketplace and most of the new projects are collaborative efforts called public-private partnerships (P3s).
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