Here is another downtown boom that is not doing as well as expected. Housing prices are falling everywhere, but more in the downtown area than in the rest of the region.
Bob Poole points out that the National Surface Transportation Policy Commission is only one of two commissions that Congress created to study transportation issues. The other deals with infrastructure finance, and it put out an interim report that takes a serious look at a wide range of alternative funding mechanisms. The commission invites comments on their work to date.
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Meanwhile, opponents of real solutions to congestion have to reach pretty far to argue against them. We can’t let “foreign dollars come in and buy infrastructure in this country that American people put down.” Why not, if it will reduce congestion? “The nation long ago settled that roads are public goods.” Yes, and look at how well that worked (hint: congested, falling apart, underfunded).
