The conventional progressive wisdom is that the Trump Administration will be bad for cities and for transit users. But in recent decades, a unified Republican government has been better for public transit than a divided government.
An efficient and equitable transport system must be diverse to serve diverse travel demands. Planners need better tools to quantify and communicate the benefits of walking, cycling and public transit to sometimes skeptical decision makers.
Canceled projects, price discounts, and increased incentives to buyers are already showing up in real estate developments in key U.S. regions, writes estate and affordable housing adviser Michael P. Russell. He reviews some key indicators.
For years, public leaders have touted low interest rates as a fantastic opportunity to borrow money to modernize America's aging infrastructure. That opportunity looks to be ending, as rising interest rates batter the municipal bond market.