If you want to be a Strong Town, your community must redirect its energy to things that will make it financially better off and more prosperous.
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If local governments are going to lose money on residential development, then they have to make it up on commercial development. That’s a risky business model, one that doesn’t pencil out.
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Federal infrastructure spending is a huge, expensive gamble that we already know doesn’t pay off. Strong Towns' proposal for a path forward is cheap, and it offers high upside potential with low downside potential.
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Here's one way to analyze whether your city should invest in a new public resource.
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In this interview, Chuck Marohn and Russ Roberts, host of the EconTalk podcast, discuss the political appeal of infrastructure spending vs. the economics perspective. They also talk about how to ensure a good return on investment and how to focus on smaller-scale projects.
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This video explains why our cities are going broke in spite of what appears to be so much economic activity and growth.
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Wes Craiglow is pushing for more productive land use and a better per acre return on investment in his town of Conway, AR.
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None of the incentives for a productive development pattern are there to make it happen. We're just throwing more money at failure. Why?
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Cities that tethered their future to this experiment are going to struggle while those that still have a pulse in their core neighborhoods will have a chance at renewed prosperity.
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We need a common understanding of how to know whether or not a local government investment is "actually working."
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