Category : Debt & Equity

New York may be playing in a top league with global cities like Hong Kong and London, but in terms of infrastructure funding, it is second division at best. Two months after the MTA released its 20-year development plan, its financing is still uncertain. To address this gap, and pay for other infrastructure projects, the New York Building Congress this week called for a range of fees on everything from car use to garbage disposal. Building Congress president Richard T. Anderson said, “Without new, dedicated revenue sources, government will not be able to maintain its current level of support for critical capital projects, much less make the additional investments necessary to harden New York City’s transportation network and infrastructure in the wake of Superstorm Sandy and climate change.”