Saturday, November 26, 2016

How Does Trump Define Infrastructure?

From CityLab:

"Unless! Unless the projects Trump’s team is talking about are not necessarily about “rebuilding” “infrastructure” in the regular sense—but rather, major new property developments. Could an industrial park primed to have a major, even transformative, economic impact on a region be considered infrastructure? Perhaps. And Donald Trump sure knows about developing apartments. Could new housing be considered infrastructure? What about all the sewers and utilities required to support new residential development? Think of the construction booms happening on, say, Roosevelt Island in New York City or Hunters Point in San Francisco. Developers often pay out of pocket through impact fees for water, power, and roads that accompany those kinds of lucrative developments. But perhaps under a Trumpian infrastructure scheme they’d be eligible for a whopping 82 percent tax credit."

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