The Public Wealth of Cities

How to Turn Around Cities Fortunes by Unlocking Public Asset

If you either live or work in New York City you get used to things being crowded — sidewalks, shops, streets, buses, trains, buses — pretty much everywhere you go there are people with you. Presumably it is the same in most other large metropolitan areas as cities are increasingly becoming places where people want to live. Although overall city population growth averages less than 1% in the U.S., what has been different recently is that the infrastructure in the city itself has aged, leading to an increased perception that the city is more crowded – subways feel more crowded as old signal equipment failures lead to train delays, overdue maintenance on roads and bridges leads to road congestion and increased traffic jams and commuter trains are running ‘standing room only’ into urban train stations that are at capacity.

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