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Public, private sectors eye infrastructure development in small and midsized cities

from Icons of Infrastructure

Small and midsized cities are increasingly looking to the private sector to finance much-needed infrastructure projects, even though navigating the complexity of public-private partnerships and attracting investors remains difficult. "The billion-dollar projects we’re talking about today, most cities can't conceptualize what that means in terms of putting a project forward and finding private partner that is interested in investing," Little Rock, Arkansas, Mayor Mark Stodola said at the 10th Annual CG/LA Leadership Forum. Stodola noted that cities such as Little Rock and states have historically shouldered the burden of delivering infrastructure because the federal government has been more focused on addressing short-term goals. "What I find fascinating is that the federal government is just reacting to disasters," he said. "Whether it's forest fires, or flooding, all of these things are after the fact: they’re not building the infrastructure to prevent things like this from happening." more


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