As the concept of infrastructure banks gets increasingly bandied about (see Emanuel, Rahm and Obama, Barack), Aaron M. Renn examines what exactly they do for us that we can’t already do.
In these times of raging public debts and low revenues, infrastructure banks have been talked about as a path to facilitate significant improvements to our failing infrastructure, a path not provided by other funding tools. Renn looks at the logic behind such funding mechanisms and whether they are, in fact, too good to be true.
He bases his analysis on five supposed areas of value associated with infrastructure banks:
- They might raise funds in a debt constrained environment
- They might be a vehicle for pools of private funds to be invested in infrastructure
- They might limit public risk
- They might promote rational prioritization of investments
- They might circumvent costly public contracting rules
"Unfortunately, infrastructure banks are often presented as if they are "free money" to the public. I believe this greatly misrepresents the reality. Any money invested by the bank has to be paid back. An infrastructure bank seems to be just another fancy name for borrowing money. We should probably evaluate it just like we do debt."
FULL STORY: What Exactly Does an Infrastructure Bank Do For Us Anyway?
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Coming Soon to Ohio: The Largest Agrivoltaic Farm in the US
The ambitious 6,000-acre project will combine an 800-watt solar farm with crop and livestock production.
World's Largest Wildlife Overpass In the Works in Los Angeles County
Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.
California Grid Runs on 100% Renewable Energy for Over 9 Hours
The state’s energy grid was entirely powered by clean energy for some portion of the day on 37 out of the last 45 days.
New Forecasting Tool Aims to Reduce Heat-Related Deaths
Two federal agencies launched a new, easy-to-use, color-coded heat warning system that combines meteorological and medical risk factors.
AI Traffic Management Comes to Dallas-Fort Worth
Several Texas cities are using an AI-powered platform called NoTraffic to help manage traffic signals to increase safety and improve traffic flow.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.