Yet another Bridge to Nowhere?
Alaska got a lot of attention several years ago when members of Congress belittled and then stripped the funding for the infamous “Bridge to Nowhere.” You would think the issue would have faded away...
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The Infrastructure Privatization Bank
The first time many heard about the United States creating a infrastructure bank was in President Obama’s Thursday speech, but the idea has actually been floating around Congress for a number of...
View ArticleChicago mayor to privatize city assets
Chicago Mayor Rahm Emanuel announced the Chicago Infrastructure Trust yesterday, which was described this way by the Chicago Sun-Times: A bus-rapid transit system with higher fares for faster rides. A...
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Governor Cuomo has the privatization flu
The governor of New York has announced his intent to ask the state legislature for a new law allowing him to auction off the cash flows of the state’s public assets. Bloomberg reports: Governor Andrew...
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Denver’s botched FasTracks privatization
Reuters ran a piece yesterday that caught my eye: “Macquarie eyes $2 billion North American infrastructure fund: sources.” According to the article, Macquarie, the Australian company active in...
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The Virginia tunnel goldmine
The battle to privatize America’s public assets had a big win when the Newport News Daily Press reported: The governor of Virginia, Bob McDonnell announced Monday that a deal with private construction...
View ArticleBoston funds publicly, while Chicago goes private
Two major American cities are embarking on large capital programs, but in very different ways. Boston Mayor Thomas Menino has a $1.8 billion, five-year plan that he will fund with municipal bonds,...
View ArticleHow American municipalities can learn from Parisian mistakes
Across the nation cash-strapped municipalities are considering the sale of their public-utility systems. These moves are intended to raise cash and rid the municipalities of expensive liabilities such...
View ArticleNew York City’s public-private partnerships
New York seems to have developed the best form of public-private partnerships in the nation. The city revitalized itself, after its rapid decline in the 1970s, by allowing private, non-profit interests...
View ArticleVirginia for sale
Governor Bob McDonnell might as well have put a for-sale sign on Virginia’s front lawn when he announced that the state’s Office of Transportation Public-Private Partnerships (OTP3) has a “pipeline” of...
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Europe’s privatization of public assets isn’t a model for the U.S.
Chart: Policy Dialogues Some think that when it comes to privatizing U.S. public assets, our nation is a laggard and we really should be following the path of Europe in selling infrastructure into...
View ArticleIs privatization waning?
For thirty years there has been an ideological pressure for the U.S. government to sell public infrastructure, assets and services. Prisons and schools have been privatized. Toll roads, like the...
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