Author: Rosser, Lawrence B
Summary
This is another of a series of papers analyzing public sector initiatives to induce reinvestment. The paper notes that public capital expenditures for infrastructure (water, sewers, roads, public facilities, and open space) have played a key role in creating new communities, and that new communities have dis advantaged older areas in the competition for private capital and credit. The author describes how the State of Massachusetts has taken the lead in developing a system at the cabinet officer level to review capital expenditures to determine their unintended negative consequences for that state’s disinvestment problem, and he proposes in the conclusion that Missouri consider adopting a similar system of review to be used in conjunction with certain other value capture strategies.
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