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Why Infrastructure Spending Should Empower Megaregions


Why Infrastructure Spending Should Empower Megaregions
Federal funding formulas need to evolve to help regional governing bodies to accelerate both large and community-focused projects that have an impact across these large population clusters.
June 9, 2021 • 
(Source: Wikipedia Commons)
When President Biden assumed office, he brought with him the promise to act quickly on a vast array of interwoven national challenges. After getting much-needed help to communities challenged by COVID-19, passing a comprehensive federal infrastructure package now sits at the top of the president’s agenda.
Changing decades-old formulas for infrastructure funding and how the money is distributed are not new topics for discussion. As a nation, we have been arguing over this approach for more than a generation. While the importance of infrastructure makes intense debates appropriate, one critical element of such policy is often overlooked: ....

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Brightline SoCal rail project still on track despite financing, cost issues


Dive Brief:
Despite a financing hiccup and rising costs, construction on Brightline West s high-speed train between Southern California and Las Vegas is set to break ground in the second quarter of this year, according to a letter from the rail company to the Nevada High-Speed Rail Authority. Previous estimates had the cost of the rail at almost $5 billion, but the most recent estimates have jumped to $8 billion.
After owner Fortress Investment Group failed to sell enough bonds by a Dec. 1, 2020 deadline, Sarah Watterson, president of Brightline West affiliate DesertXpress Enterprises, said the rail company will initiate another bond sale this year and provide more equity for the project as the economy recovers from the COVID-19 pandemic. ....

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