Cities Turn to Private Investors for Infrastructure Updates
Across the country, innovative deals are now being discussed that would put essential pieces of public infrastructure in the hands of global investment firms, the latest effort to cope with a lingering fiscal crisis that has left some communities unable to pay for their needs. Chicago, with a budget deficit of more than $600 million, is planning a private fund that would make 100 public buildings energy efficient, then move on other projects. In other parts of the country, major road construction has been funded using the model.
Read more via the Huffington Post