U.S. Infrastructure Gap(s): Federal Policy and Local Public Institutions

30 Pages Posted: 18 Sep 2017

See all articles by Michael Bennon

Michael Bennon

Stanford University - Global Projects Center

M. Julie Kim

Stanford Global Projects Center; BeneTellus

Raymond E. Levitt

Stanford University, Global Projects Center

Date Written: September 13, 2017

Abstract

Urban infrastructure development and maintenance needs in the United States are not being met. Likewise many U.S. cities have been slow to adopt innovative new procurement models for infrastructure development and smart city programs despite their apparent benefits. This paper assesses the impediments to the adoption of new models for urban infrastructure development and finance unique to the United States as a function of federal, state and local investment policies and institutions, and how those institutions differ from other developed economies globally. The paper identifies institutional reform, via the creation of new public infrastructure organizations and institutions in U.S. states and cities, as a solution to spur the adoption of life-cycle based infrastructure procurement, smart city programs, and other proven reforms to urban infrastructure development and maintenance.

Keywords: Infrastructure, Urbanization, Smart Cities, Public-Private Partnerships, Life-Cycle Based Procurement, Asset Management

JEL Classification: H54, H80, R51, R53

Suggested Citation

Bennon, Michael and Kim, M. Julie and Levitt, Raymond E., U.S. Infrastructure Gap(s): Federal Policy and Local Public Institutions (September 13, 2017). Available at SSRN: https://ssrn.com/abstract=3036650 or http://dx.doi.org/10.2139/ssrn.3036650

Michael Bennon (Contact Author)

Stanford University - Global Projects Center ( email )

United States

HOME PAGE: http://gpc.stanford.edu

M. Julie Kim

Stanford Global Projects Center ( email )

Stanford, CA 94305
United States

BeneTellus ( email )

P O Box 9310
Marina del Rey, CA 90295
United States
213-949-0525 (Phone)

Raymond E. Levitt

Stanford University, Global Projects Center ( email )

Stanford, CA 94305
United States

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