Clearing the way for better infrastructure in California
It costs more here.
California’s infrastructure was “designed for 25 million people”, state treasurer Bill Lockyer told an opening breakout session at the California Economic Summit in Los Angeles. The problem, he said, is that California will have 50 millon people before there’s a fix in place.
The focus was on roads and water – publicly funded projects – but it’s equally true for infrastructure that’s supported by private capital, such as telecommunications and energy.
That conversation was mostly about ways to funnel more tax dollars towards road maintenance and construction but as the conference moved on, the cost side of the equation took center stage.… More