A World Class Transportation System: Transportation Finance for a New Economy

Transit expansion also often must clear hurdles that road projects don’t. Most transit expansion projects that receive federal funding get it through a program colloquially known as “New Starts” (officially the Capital Improvement Grants program). Their sponsors have to demonstrate that the project will offer mobility and congestion relief, environ

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3. If you want good cheap infrastructure, build up state capacity

America has a big problem building infrastructure. Our roads and trains cost much more per mile than other rich countries. There are a number of reasons why this is the case, including land-use regulation, NIMBYism, and broken government contracting processes. But one reason is simpl... See more

This is the part of the story that the train boosters don’t want you to hear: investments in transit may be investments in mobility or investments in real estate, but they are not investments in reduced traffic.■ The only way to reduce traffic is to reduce roads or to increase the cost of using them, and that is a bitter pill that few pro-transit c

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If we’re going to break out of the Infrastructure Cult mentality, we would need to design our systems to respond to feedback. There is no clearer feedback on value than someone’s willingness to pay for something, yet our infrastructure funding mechanisms have a large degree of separation from the user’s willingness to pay for what they want. We all

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What should baffle us, however, is how professionals and decision-makers are so possessed by faith in infrastructure spending. Cities with a mind-boggling backlog of unfunded road maintenance routinely go out and build new roads. Places with pipes crumbling and pumps failing from lack of maintenance give incentives to developers to build more pipes

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