News
Investment Imperative
May 19, 2010
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| Yesterday, we joined Ernst & Young's Jay Zukerman, the Port Authority's Chris Ward, ULI's Maureen McAvey, and Regional Plan Association's Robert Yaro at the Yale Club for an update on regional infrastructure projects and findings from ULI and E&Y's Infrastructure 2010 report. The US has been resting on its laurels, and we need to take a more serious look at our declining infrastructure and investment, Maureen says, pointing to big challenges, from water consumption to transportation. We're falling behind global competitors, and the US is struggling to gain traction in planning and building the critical infrastructure needed for future economic growth and a rapidly rising population, the report says. |
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| Moynihan Station Development Corp.'s Mehul Patel, Jay, Chris, Robert, Meridian Development Partners' Howard Weitzman, and Maureen. Jay discussed funding infrastructure investment funding like user fees, smart meters, a national infrastructure bank, and public-private partnerships. But until we have the resolve to reach into our pockets, we can't do these projects, Robert said. The public is cynical about new infrastructure and expenditures, and NY needs be careful to avoid the perception that we're Boston's Big Dig, Chris noted, pointing to increased costs of projects like rebuilding the WTC and water tunnel. |
