By Leslie Braunstein
April 25, 2012
The Washington region, like the rest of the nation, continues to be plagued with transportation funding issues that are exacerbated by the myriad of jurisdictions involved in decision making, noted experts at the ULI Washington Trends conference. In the wake of the economic recession, local, state, and federal governments all are struggling to fund infrastructure needs. Meanwhile, these needs continue to grow as bridges and roads crumble, routine maintenance is deferred, and transit demand expands with growing urban populations. New technologies and innovative funding mechanisms, including public-private partnerships, are being implemented throughout the region and the U.S. to help solve these challenges. Panelists included Tom Murphy, ULI Senior Resident Fellow for Urban Development; Martin J. Wells of Wells + Associates; John Flaherty of The Carlyule Group; and Pierce Homer of Moffatt & Nichol.