Crowdfunding
The American Institute of Architects
released Crowdfunding Architecture, a report
that explored the potential of raising private funds from many people
investing, loaning, or donating small sums. Crowdfunding is a growing trend in
other areas, especially in the arts and product development.
Of course, public civil infrastructure requires a lot of money. The
investors who might be able to put substantial sums into a project will expect
a return. This is an issue for other forms of private investment in public
infrastructure, often there is no revenue generated by the infrastructure to
pay back investors.
What do you think? Does crowdfunding have the potential to be a serious
source of funding for public infrastructure?
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Roads by the Mile
IW has previously written
about declining
fuel tax revenues. An alternative to fuel taxes is a tax or fee based on miles
driven. Oregon
is planning to implement a program based on VMT (vehicle miles traveled).
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