John Hennessy III,
P.E.
There are more than 3,330 publicly owned airports as part of the national system in the United States today. These airports move more than 2.5 million passengers each day safely and effectively, and they contribute $76 billion in total output to the American economy. There is also substantial evidence that airports play a major role in regional economies.
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MANHATTAN INSTITUTE Introduction American infrastructure is in dire need of repair and replacement. Yet decades of experience have shown us that simply showering federal money on infrastructure is not the right solution. Indeed, this approach has been shown to encourage wasteful spending on projects that are politically expedient but economically dubious. Large injections of federal […]
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“These public-private partnerships that they tout really don’t work. We tried that in downtown Las Vegas to do the new Project Neon, and just couldn’t generate enough revenue from the private sector, so we know that is not the “silver bullet.” I’m opposed to privatizing government services, because then the priority shifts from service to profit, and that never works. If you talk about something like air traffic control, that’s especially egregious because we have the safest system there is; we’re going to now undermine that.”
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Today, cash-strapped U.S. cities and states are selling or leasing government assets, particularly transportation infrastructure. The sale or lease of such assets can be beneficial to the public; but the long-term nature of these deals makes them potentially far more risky than contracts to run bus service or repair city-owned vehicles.
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