Charles Marohn will speak at the Economic Outlook Conference, hosted by the Research Seminar in Quantitative Economics (RSQE) at the University of Michigan. His talk concerns the American infrastructure crisis.
For more than six decades, local governments have been accustomed to building infrastructure and expanding existing systems. While liabilities have grown, transportation funding has not kept up. Now there is a desperate need for local governments to change their approach. We need to shift our strategy from an emphasis on continuous expansion to a more mature focus on maintenance and maximization of existing infrastructure. In difficult economic times, this is a scary, but necessary, realignment.
There are trillions of dollars of unproductive infrastructure already in the ground today waiting for us to make better use of. At Strong Towns, we see that our cities, towns and neighborhoods are dripping with opportunity. These opportunities are not of the mega-project variety. They are small — seemingly beneath us, perhaps — but they can positively transform everything about how we live our lives.
An infrastructure presentation brings your community into the national conversation about infrastructure spending and will help local decision-makers determine where to spend precious infrastructure dollars to get the best return on your investment.
(Top photo source: Dwight Burdette)