Sublime

that’s not how infrastructure works. The generally accepted accounting practices for municipalities counts infrastructure as an asset, not a liability. There is no accounting of the tax base or the revenue from the community’s wealth; it’s simply ignored. With this approach, the more roads a city has, the more pipes in the ground, the more public

This is in stark contrast to everything we experience today regarding growth and development. Instead of private wealth leading, in today’s cities it is the collective public investment that leads. Governments frequently invest millions of dollars, or make long-term maintenance commitments worth millions, before any taxable private investment has

our core transportation funding problem is that we’ve built more transportation infrastructure than we can effectively utilize. Our solution, bizarrely, is to build more.