Claude Shostal, past President of Regional Plan Association, is a member of the faculty at the NYU Schack Institute of Real Estate.
As we watch our 401 accounts struggle to reach half of what they once were or, worse, watch the weeks of eligibility for unemployment benefits dwindle, it may help to contemplate the few silver linings to our recent economic woes. One is surely the emerging national consensus and conversation over the importance of investing in our infrastructure.
This wonky, unsexy word, “infrastructure,” usually cannot be found in the national policy discussion. These days, it is prominent and being linked to that very sexy and provocative word: stimulus. It could be a powerful combination if we do not allow politics as usual to govern how we put this combination to work.
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