Hurting Economy Could Expand Privatization of Infrastructure

As the economy continues to struggle, many expect governments to increasingly look at privatizing roads and other infrastructure.

"Cash-strapped U.S. state and city governments are likely to sell or lease more highways, bridges, airports and other assets to investors desperate for stable returns after being frazzled by the credit crisis."

"The trend is set to pick up speed given worsening budget deficits in state capitals and city halls nationwide."

"The latest enthusiasm for at least partially privatizing infrastructure assets came on July 30 from New York Gov. David Paterson, who is trying to plug a budget deficit caused in part by lower tax revenue as Wall Street retrenches."

"'We're just looking at ways to be more efficient and that's why I used the term public-private partnerships -- trying to find some creative solutions,' Paterson said. 'The reason I'm avoiding taxes is because I think taxes are addictive.'"

Full Story: Roads, airports on the block as budgets tighten

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."
$19.95
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95