GOP and Dems Alike Love Infrastructure

Infrastructure may be the issue that brings the parties together. The Infrastructurist says that both sides are in support of a public-private partnership to fund large infrastructure projects.

Senator John Kerry is one of the forces behind the BUILD Act, which, as he put it in his press release, "would help close America's widening infrastructure funding gap.":

"Democrats and Republicans, business and labor, are now united to create an American infrastructure bank to leverage private investment, make America the world's builders once again, and close the deficit in our infrastructure investments. The BUILD Act will create good jobs, strengthen our competitiveness, and do more with less. Most of all, this bill breaks a partisan stalemate to get America back in the game."

The Infrastructurist explains:

"The plan is pretty straightforward. The federal government would kick-start A.I.F.A. with a $10 billion initial investment, after which the authority would be independent and self-sustaining. Projects can receive up to 50 percent of their financing from the federal money, but the rest (ideally much more than half) will have to come through private investments."

Full Story: Kerry, Hutchison Propose National Infrastructure Bank

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

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.
 Blockitecture Building Block Set - Garden City Series

Just In! Get the Garden City Expansion

New from Blockitecture! Create towers, cities, and dwellings with this set of architectural building blocks.
$75
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00