Month: November 2009

As the federal deficit squeezes the Obama administration's options for financing ambitious new infrastructure projects, public-private partnerships (PPPs) are gaining currency as a possible solution. And in an illustration of PPPs' potential, the $86 billion private-equity firm Carlyle Group yesterday struck a deal with the state of Connecticut to run ... 23 highway rest stops.

City parking meters are a gold mine, and in Chicago, Morgan Stanley is rolling in parking riches. Secret company documents leaked to reporters show the company will rake in a 70 percent profit margin this year from its $1.15 billion, 75-year lease of Chicago’s parking meters. This profit is on top of the millions Morgan … Continued

A very interesting article in USA Today on the future viability of suburbs came up in our Twitter feed this morning, via Community Research Partners of Columbus, Ohio.

More headlines over at Streetsblog Capitol Hill.

A bicyclist was seriously injured this afternoon after a woman driving an SUV struck him at the intersection of Haight and Pierce Streets. According to eyewitness accounts, he remained conscious after the crash, and was taken to the hospital by the Fire Department.

The San Francisco Planning Department will release the Draft Plan for the new Transbay Terminal and development project after the Planning Commission meeting tonight at 5:30 p.m. According to Planning's Joshua Switzky, the plan will be presented to the commission but there will not be extensive discussion about its details until future public hearings.

California residents living in sprawling suburban developments could save billions of dollars every year if they lived in denser, urban zones and along transit corridors, according to a study released today by smart growth and transit advocates TransForm. Analyzing four metropolitan areas--Southern California, the San Francisco Bay Area, San Diego, and Sacramento--Windfall for All found that shifting populations in those regions to denser development along transit corridors would save save $31 billion per year, or $3,850 on average per household [Report Summary PDF].

When the MTA Board approved wide-ranging changes to Muni service at its meetings this fall, most of the public comment was from residents who didn't want rerouted bus lines to pass by their homes, and merchants who opposed articulated buses running in front of their shops. As Streetsblog's coverage noted at the time, the absence of Muni riders at the meeting was striking, perhaps indicating a lack of proper notice.

Any proposal to fund new U.S. infrastructure investment by taxing financial transactions -- such as Rep. Pete DeFazio's (D-OR) bill taxing Wall Street oil speculators -- would require international participation to prevent the trades in question from migrating overseas, House Speaker Nancy Pelosi (D-CA) said today.