BRIDGES

But The Real Challenge Is Regional Leadership Though the details are far from settled, a federal economic stimulus package of roughly $600 billion to $800 billion has strong support from President-elect Barack Obama. Congress, including the fiscally conservative Blue Dog Democrat caucus, is bound to register concern over more borrowing. Still, something will pass and everyone will be grabbing for their share. As much as $300 billion of the stimulus could be set aside for infrastructure, primarily surface transportation. Hammered by declining tax revenues tied to the economic downturn, plus tight credit markets and growing transportation infrastructure needs, states are feeling needy, and many are voicing great hopes for stimulus package aid. But the stimulus money has to be spent Read More ›

The need for public-private partnerships to help rebuild the nation’s overburdened and underfunded surface transportation network is growing. Even before gas prices spiked and gas tax hike prospects dived, the Washington State Transportation Commission was calling for P3s. They did so in this January 2007 report, and then again here. The January, 2007 report states that P3s should be closely examined as a potential strategy for completing planned major projects including the SR 520 floating bridge replacement, I-5 Columbia River Crossing, the State Route 167 extension to the Port of Tacoma, I-90 Snoqualmie Pass improvements, the State Route 704 Cross-base Highway in Pierce County, improvements to the state ferry system’s busiest dock, in downtown Seattle, Colman Dock, and for other Read More ›

Okay – so you already knew that pink was the new black and real estate was the new sex. Now infrastructure is sexy. So say Forbes, The Guardian, and the Wall Street Journal. We’re not talking about your grandfather’s municipal bonds either. Operating costs and necessary maintenance and improvements are something every homeowner understands – all too well. You may be able to meet all these needs without assuming debt beyond your mortgage. Or you might just have to endure an avocado-hued fridge, pastel yellow formica counter, midget sink, pinched shower stall and shaky deck for far longer than you’d like. Cue the violins. Life is hard. But suppose you owned a worn-down state ferry fleet or highway system and Read More ›

Clinton, Obama Co-sponsors The problem of infrastructure deficit received prominent attention from the governors and state officials meeting in Washington during the month of February. But aside from agreeing that the needs for infrastructure funding are great, that present resources are inadequate, and that earmarks are a poor way to deal with the problem, few solutions were offered as to how to meet the revenue shortfalls. That’s why a March 11 hearing by the Senate Committee on Banking, Housing and Urban Affairs took on special significance. The hearing focused on a bill sponsored by Senate Banking Committee Chairman Christopher Dodd (D-CT) and Sen. Chuck Hagel (R-NE) to create a National Infrastructure Bank (S. 1926). Described by Sen Dodd as a Read More ›