"The challenge of paying for smart cities projects" report by Deloitte recommends several steps for making the most of investments in "smart city" technology by city governments.
Kristin Musulin shares news of a new study by Deloitte that "explores how cities can effectively pay for smart technology projects through funding and financing strategies.
"The report offers a number of steps to consider before deploying a smart tech project, including developing a business model, evaluating a revenue model, assessing value capture to provide funding contributions, evaluating financing options and selecting a procurement structure," according to Musulin.
The entire "The challenge of paying for smart cities projects" report is available online [pdf].
Read the full story: Deloitte: When planning a smart city, weigh funding vs. financing
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