Chicago Infrastructure Bank's Low Balance Challenges its Founding Vision
With cities across the country seeking ways to de more with less, the Chicago Infrastructure Trust - launched with much fanfare in March of 2012 - has been held up as a promising model for attracting private investment to help improve public resources.
"Today it’s been more than a year and a half since the trust was created, and Emanuel has little to show for the program that some speculated would be his crowning achievement," writes Ryan Holeywell. "The trust only last month approved its first deal. With so few tangible accomplishments so far, that raises a crucial question: Is Chicago’s program really one worth replicating?"