Nonprofits Feel Squeeze To Flip Long-Held Downtown Property

With tax reform giving President Donald Trump his first legislative victory, the White House is looking to notch another win by securing funding to update the country's crumbling infrastructure.

Trump's $1 trillion infrastructure-spending agenda sat on the back burner much of last year as the new administration prioritized immigration, healthcare reform and tax overhaul. The proposal, which White House officials confirmed in December would be released this month, calls for an estimated $200B to be spent in federal funds over a 10-year period in order to incentivize another $800B in state, local and private sector spending.

Tackling the deteriorating roads and railways of the U.S. will not be easy. Public-private partnerships are expected to be instrumental in seeing Trump's plan through to fruition, and the partnerships are often fraught with risks and challenges. 

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Interstate-exit hotels are invaluable to travelers on cross-country road trips. Most drivers, even if switching off with a spouse or road-trip buddy, have a finite number of driving hours before they need to pull over to catch some shut-eye.

So what will happen to those highway hotels when cars are doing the driving for us?

While driverless cars may feel like part of a future as far from reality as “Minority Report,” in truth, the technology is here, speakers at Bisnow's “Charlotte's Rise of the Suburbs: From Davidson to Mooresville to Pineville & Beyond” event said.

Driverless cars will impact every industry, including retail, industrial and office, according to a recent Transwestern report. But the potential hit to hotels has been a little overlooked.

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