Passing the Public Works Buckby Kneeland A. Godfrey, Jr., Sr. Ed.;
Serial Information: Civil Engineering—ASCE, 1986, Vol. 56, Issue 9, Pg. 50-52
Document Type: Feature article
Abstract: Users and beneficiaries of local and state public works projects are paying a larger share of their cost. State and federal grants and general local revenues are being relied on less. Case histories are presented of five notable, ongoing projects funded in non- traditional ways. The eastern half of a new Denver belt highway is expected to be built with funds from tax increment financing, sale-leaseback, special districts, dedication of land, land banking, and tolls. An enlargement of Buffalo Bill dam in Wyoming, costing $116 million, is the first U. S. Bureau of Reclamation project where 100% of the funds were not provided by Uncle Sam, since 40% of the money is being paid by the state. The city water-treatment plant at Scottsdale, Ariz., is being designed, built, owned, and operated for 23 years by a consortium consisting of the firm Camp Dresser McKee, and Westrends Development Inc. In a few years San Diego expects to build a 6-mile extension of its light-rail system which will be financed in part by large developers who own most of the land in that segment. Finally, next year construction is expected to start on a 155 mile, $1.5 billion beltway, the Grand Parkway, circling Houston. All the land will be donated, along with the cost of planning and engineering.
Subject Headings: Financing | Funding | Infrastructure | Private sector |
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