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
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!

Stay thirsty, urbanists

These sturdy water bottles are eco-friendly and perfect for urbanists on the go.
$19.00
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