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The Economist Says it is Time to Revive our Infrastructure

The Economist has an excellent article on the critical state of our nation’s infrastructure in its current issue. After describing the ills the article prescribes a cure for projects not unlike Moynihan Station:

The federal government should do what it can to ensure that these [metroregions], first of all, have the infrastructure they need to thrive.

This means, among other things, an enhanced federal role in projects that cross state borders, including not only the interstates but intermodal freight and high-speed rail. A better system for evaluating a project’s benefit—within a broader strategy for economic development, for example—would help the public get more for its money. Metros would be given more incentives to reduce congestion and sprawl.

In New York, the MAS believes a meaningful step in the right direction would be for Governor Paterson and Mayor Bloomberg, co-founder of the Building America's Future coalition, to host an infrastructure summit of all the major players to discuss the status and evaluate the public benefits of all current projects, including Moynihan Station, Hudson Yards, the 7 line extension, the 2nd Ave Subway, Lower Manhattan/JFK link, etc., in order to set some priorities for moving forward in a tough economic environment. A clearer sense of what is most important and a public display of leadership might even attract more federal support.

Read “The Economist Says it is Time to Revive our Infrastructure,” from the Economist

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