How does Governor Cuomo intend to pay for a new Tappan Zee Bridge? Nicole Gelinas explores that question in an op-ed in today’s New York Post. Taking a closer look at cross-Hudson traffic trends, she suggests that higher bridge tolls alone aren’t unlikely to cover it. Read More
Using public pension funds to help finance infrastructure projects like the Tappan Zee Bridge would be “a bad idea, harmful both to the state’s government employees and its taxpayers,” Professor Edward Zelinsky of Cardozo Law School writes in a provocative op-ed in today’s New York Post. Read More
In an apparent concession to construction trade unions, one of Governor Cuomo’s 30-day budget bill amendments would effectively require use of project-labor agreements (PLAs) on “design-build” infrastructure contracts of more than $10 million. This raises the likelihood that savings made possible by the use of the design-build method will be undermined by the imposition of PLAs, which favor less efficient union labor. Read More
Over at Streetsblog, they’re talking Tappan Zee — wondering why Gov. Cuomo won’t release any new information about the financial plan for the multi-billion-dollar bridge (no, nobody knows how many billions, but probably more than six and less than twenty) until after asking contractors for proposals. Read More
A parade of public officials, plus one alleged, attempted shoe-thrower, went before the state-controlled Metropolitan Transportation Authority today largely to berate the MTA for passing a budget that includes significant service cuts to subways an Read More
States and cities hoping to fill in budget gaps with cash-outs of future toll-road revenues and the like by handing revenue-generating assets over to private operators for up-front money may be sobered up by a report out yesterday from Australi Read More
Swiss bank UBS has attracted $1.5 billion to its new global infrastructure fund. "John Fraser, chairman and chief executive office of the UBS AG's funds arm, said ... he was encouraged by the demand from long-term institutional investors, including p Read More
Governor Paterson went before a congressional committee today to a federal stimulus package to aid financially troubled states--including this pitch for added funding for infrastructure repair: We in New York have many programs involving Read More