4 ms·
Isn’t it both that we should be more efficient AND contribution should be made locally for local improvements? I think value capture addresses this somewhat in
by nrb 4y ago
Isn’t it both that we should be more efficient AND contribution should be made locally for local improvements?
I think value capture addresses this somewhat in the sense that if these projects are funded more locally, more attention would be paid to costs and timeline as opposed to the relatively distant federal money for which nobody feels a responsibility.
- pclmulqdq 4y agoGovernments are not businesses - they should not be thinking about "capturing value." Ideally, projects like this are handled at the minimum level of government: your city's transit system is your city's responsibility, funded through local taxes. This aligns interests the best. In practice, federal bureaucrats all over the world have figured out how to insert themselves into these kinds of local projects, which causes all sorts of conflict of interest problems, and divorces the person spending the money from the person funding the project (both the people who should be funding it and the people who are) and the person getting value from it.