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Private development funds public infrastructure though. So if you build really expensive public infrastructure, you need a corresponding amount of private devel
by timerol 6y ago
Private development funds public infrastructure though. So if you build really expensive public infrastructure, you need a corresponding amount of private development in order to pay for it. Really dense and valuable development like in downtown Manhattan can support much more expensive public infrastructure than a smaller town could.
- loeg 6y agoFunding sources and project direction for municipal government are a lot more diverse and complicated than the picture you're painting. Yes, everything kind of feeds into everything else; you could broadly call this "the local economy." Development is one piece of that, but not the only piece.