The U.S. is falling behind other nations in keeping up its transportation systems and infrastructure, according to a new report from the Urban Land Institute.
More than $2 trillion would be needed to get the U.S. up to speed, according to the report.
"Eventually, the report says, the federal gas tax will be increased; local governments will be allowed to toll interstate highways; water bills will rise to pay for pipe and sewer replacement; property and sales taxes will increase; and private, profit-seeking companies will play a much larger role in funding and maintaining public projects.
'Over the next five to 10 years, public concerns will grow over evident declines in the condition of infrastructure,' the report says. 'At some attention-getting point after infrastructure limps along, platforms for reinvesting in America could gain significant traction and public support.'"
FULL STORY: Study: $2 trillion needed for U.S. infrastructure
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