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U.S. Infrastructure Legislation Provides Generational Opportunity to Drive Equitable Development
November 29, 2021
The recently approved $1.2 trillion federal infrastructure financing package provides the real estate industry a once-in-a-generation base to build on for projects and communities, according to ULI experts.
Much of these funds can be flexible, or can be used to really achieve a larger purpose, but at the same time, [we need] to realize that if we don’t mobilize the state and local and private-sector funding and investment focus as well, we’ll lose the magnitude and the distinct opportunity that’s arising from this generational level of investment.
Mike Parker
EY Americas Infrastructure Leader
“This really will guide where development will be happening over the next 15 to 30 years,” including what types of projects will be built and where, said Paul Angelone, senior director of ULI’s Curtis Infrastructure Initiative. “The next couple years will really set that longer-term spending.”
And while the money comes via the federal government, much of the spending decisions will be made at the state and local levels, according to panelists at “Leveraging Federal Infrastructure Investment for Housing and Transportation Opportunities,” a webinar sponsored by the Curtis Infrastructure Initiative just two days after President Biden signed the package into law.
Panelists provided an overview of U.S. infrastructure spending and the details of the infrastructure package. Then they discussed projects in Austin, Texas, and Washington, D.C., that demonstrate how infrastructure investment supports equitable and desirable development. The report from the Shaw Symposium on Urban Community Issues provided context for the conversation.
Click here to read the full Urban Land Online article about the webinar. Learn more about the Curtis Infrastructure Initiative here.