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I agree the costs are high. That is largely a result of the high cost of living. There's additional economically literate funding methods which account for that
by nwah1 9y ago
I agree the costs are high. That is largely a result of the high cost of living. There's additional economically literate funding methods which account for that.
For instance, when infrastructure is built, it causes surrounding land values and rents to rise. It is possible to use that rising value to pay for the infrastructure, via a special assessment.
There is also an issue where the people with the worst infrastructure would be paying the most under congestion pricing, which means that it would be important to prioritize improvements to the most congested areas.
- morley 9y agoI'm not sure you read the article in question. https://www.nytimes.com/2017/12/28/nyregion/new-york-subway-construction-costs.html https://www.nytimes.com/2017/12/28/nyregion/new-york-subway-... The costs aren't high because of cost of living, they're high because of cushy agreements with workers unions and construction companies, among a myriad other things.
- nwah1 9y agoInteresting, thank you.
- tbihl 9y agoTo further support your point, not only is it possible to use that added value to pay for infrastructure, but that's historically how it was done back when infrastructure projects had to be profitable (because they were private.) Today, the most similar thing might be the ski resort that is largely profitable because of the sale of slope-side condos.