The total value of commercial assets owned by state and local governments is sure to be of the same magnitude, or larger. After all, local governments own and operate most airports and ports, as well as utilities such as water, sewerage, and electricity – all of which are in desperate need of funding. But real estate comprises the bulk of public commercial assets. By some estimates, publicly owned assets account for as much as one-quarter of the total market value of real estate in a city or county. At the same time, many localities need additional funding for affordable housing.
All told, this public wealth represents a substantial opportunity for investors, local governments, and society as a whole. If professionally managed, the yield from such a vast portfolio of commercial assets could fund not just critically needed infrastructure investments, but also any other public goods and services that are in demand.
By night, Reguliersdwarsstraat is one of the busiest streets in central Amsterdam. A hub for the city’s LGBTQ community, its restaurants, bars and clubs attract large numbers of locals and tourists alike. By day, however, the picture is markedly different. Despite being just steps away from Amsterdam’s famous floating flower market, the area has struggled to attract the daytime crowds. Related Stories Bronx Worker Cooperative Plans to “Compost Capitalism” Baltimore Businesses Team Up to Address
As the OMB report’s first graph illustrates, while the regulations during the analyzed decade cost industry at most $128.5 billion—in 2015 U.S. dollars—the estimated benefit for the public was estimated to be $930.3 billion. OMB estimate of costs and benefits
Real estate industry is starting to ask location, location, climate change.
Warehouse developer asks if site or roads will be flooded in 10 years and new consulting firms try to answer.
The Seychelles have brokered a novel deal that will allow the island archipelago to swap millions of dollars in sovereign debt for protecting nearly one third of its ocean area.
It’s hailed as the first of its kind. “Seychelles is clearly breaking new grounds and with it, it has positioned itself as a world leader in ocean governance and management,”
Citylab has pulled together a Wakanda Reader, or online bibliography of sorts, to indulge those who are interested in the larger questions around urbanism implicated in Black Panther. We would call it a syllabus, but there are already several syllabi available—this #WakandaSyllabusfrom Walter Greason, an economic history professor at Monmouth University and founder of the International Center of Metropolitan Growth, is particularly good. This Wakanda curriculum for middle school grades from school teacher Tess Raker has also been making the rounds.
As for what else has been circulating, here’s an exhaustive, still-living-and-growing list of articles that build upon the Wakandan mystique:
What Does China’s ‘Ecological Civilization’ Mean for Humanity’s Future? | By Jeremy Lent | Common Dreams
China’s leader affirms an ecological vision aligned with progressive environmental thought. Whether it’s mere rhetoric or has a deeper resonance within Chinese culture may have a profound global effect
Propaganda or hope for the future?