The Metropolitan Planning Council graciously provided me with a free entry to a seminar in October about infrastructure funding and financing at their office at 140 S Dearborn. The seminar featured Rob Puentes of the Brookings Institution, Illinois Senator Heather Stearns, and Dr. Paul Hanley a professor at the University of Iowa. They talked about three innovative ways to fund construction of highways, airports, transit, and other capital-intensive projects: the surface transportation bill (Puentes), public-private partnerships (Stearns), and distance-based taxing (Hanley).
This article will be presented in two parts: presentations from Puentes and Stearns today, and Hanley on Friday. It is my intention that by presenting that discussion to readers, you can learn about some of the ways infrastructure in the United States is paid for.
Continue reading Innovative financing for transportation infrastructure, notes from a seminar