infrastructure

Infrastructure bonding: Pay now, or pay more later

By MICHAEL SAHN// A recent front page article in The Wall Street Journal entitled “Localities Opt for Less Debt over New Infrastructure” reports that local governments are not borrowing to pay for desperately needed infrastructure improvements – despite the fact that interest rates for government bond issues for infrastructure have dropped to their lowest levels in 20 years, Why? Government officials are hesitant to take on long-term debt in a fiscal environment in which they…


Infrastructure and other fashion necessities

Gov. Andrew Cuomo’s promise of millions of dollars in new infrastructure projects for Long Island is a lot like getting socks and underwear for your birthday. They’re useful, but a bit of a letdown when you’re hoping for a new bike. And the governor has certainly been handing out Schwinn Phantoms in other parts of the state. $4 billion overhauls of LaGuardia and JFK airports. $1 billion to spruce up the Javits Center. Hundreds of…


No Sandy funds for LI

In infrastructure, cautious gratefulness

BY GREGORY ZELLER // Governor Andrew M. Cuomo announced the award of $22 million in federal grants to rebuild New York bridges, reinforce sea walls and strengthen anti-flooding measures this week. Surprising approximately no one, Long Island was excluded from the list. The money, from a Federal Emergency Management Agency hazard mitigation fund, is going to three New York City projects and one spanning upstate Oneida and Herkimer counties, with none earmarked for infrastructure improvements…