Insights

Communication and Technology news

A New Model To Pay For Infrastructure in Chicago

24/05/2013

The Chicago Infrastructure Trust creates a new way to pay for things like improvements to bridges and roads that won’t destroy (...)
The Chicago Infrastructure Trust a new way to pay for things like improvements to bridges and roads that won’t destroy the city’s already stretched budget. The next big thing is funding urban is now coming online in Chicago, and Tim Logan has done a deep dive on what that means at Next American City. The core idea is simple: Governments across Europe, Canada and Australia have long turned to the private sector to help finance public assets, and even in the U.S., more places are dabbling in it. But it’s still rare for cities to take the lead. And no place, at least in this country, has tried what Chicago is launching this year: A nonprofit agency devoted to tapping private capital through structured financing while retaining public ownership, both for big-ticket items but also for workaday municipal infrastructure.Read Full Story    
infrastructurechicagothattrustcreates

Need a professional cloud based solution for your email and productivity?

Join Google Workspace