4 ms·
The problem seems to be that we've invested far too much federal money into projects that have to be maintained by local sources of funding. Big federal grants
by omegaworks 9y ago
The problem seems to be that we've invested far too much federal money into projects that have to be maintained by local sources of funding. Big federal grants for development that will not produce enough tax revenue to offset the externalities and infrastructure costs that are required to maintain that development are just albatrosses around states and cities' necks.
https://www.strongtowns.org/journal/2017/1/10/poor-neighborhoods-make-the-best-investment https://www.strongtowns.org/journal/2017/1/10/poor-neighborh...
- the_gastropod 9y agoStrong Towns is great! There's another concept I was introduced to via Strong Towns that I think is important: infrastructure is not an asset. It is a liability. Yet, most cities account for them like they would an asset. https://www.strongtowns.org/journal/2014/8/19/is-a-street-an-asset.html https://www.strongtowns.org/journal/2014/8/19/is-a-street-an...