Most discussions of the pros and cons of P3 concessions cite as benefits the availability of investment from new sources (e.g., pension funds and developer […]
Transportation
We continually hear about an “infrastructure crisis” in the United States, a malady from which Virginia has not been spared. Talk of pot-holed streets, tottering […]
(Editor’s note: This article from Watchdog.org’s Virginia Bureau on February 17th is reprinted because the idea that legislation needs to be passed to make sure […]
One of the perennial arguments raised against long-term public-private partnerships (P3s) for transportation infrastructure is that the financing cost will be higher, because revenue bonds […]
At the annual meeting of the International Bridge, Tunnel, & Turnpike Association (IBTTA) in Austin last month, Ed Regan of CDM Smith gave a dazzling […]
The late Herb Stein, former chairman of the Council of Economic Advisers, once quipped, “If something cannot go on forever, it will stop.” Stein’s Law, […]