Why the Infrastructure Bank is Right On

"While the world races down the infrastructure expansion track, we're constantly shortchanging decaying bridges, aging interstates, antiquated water systems, or high speed rail serious enough to one day rival Europe, Japan or China.

A serious infrastructure bank could start weaning us away from congressional pork-barrel spending and our 'silo' pattern ideas of funding infrastructure - roads and transit, airports, waterways and railways, in separate 'buckets.'"

Peirce highlights that the infrastructure bank proposal would be able to span borders, both city and state, which would enable the sort of vast regional infrastructure projects that emerging megacities and megaregions require.