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Looking at the rest of the economy, public infrastructure projects like this are the only hope to keep the economy running. Yeah there will be some paper debt o
by xchaotic 6y ago
Looking at the rest of the economy, public infrastructure projects like this are the only hope to keep the economy running. Yeah there will be some paper debt on municipal books but the net benefit of the money unlocked from this is much higher. At least from an economic sense. In a perverse way the more these projects costs, the more money is redistributed.
- PostOnce 6y agoIf a large percent of the money just goes to the few owners of the construction company and not to an army of workers, then it was all for naught, so that has to be factored in too.
- jkingsbery 6y agoThe Strong Towns book goes into this in more detail. What you say might be the case sometimes, and when it is the case, the money unlocked is reflected in higher property taxes, so the municipal balance sheet stays even. If the town can't somehow get higher property taxes for its improvements, then it spent more money than it will make on the project. If you do that enough time, municipalities start going bankrupt. If people aren't willing to pay higher property taxes for the improvement, then it isn't really helping them.