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Love Funding Corporation

To RP Salazar, with Love

Funding provided by: The Corporation for Public Broadcasting National Endowment for the Arts In partnership with POV In January 2007, Rachel P ...

Philadelphia Turning Railroad Ruins into Elevated Rail Park

Plans call for the Rail Park to eventually span 3 miles, traversing the center of Philadelphia via former Reading Railroad tunnels, rail cuts below street level and elevated platforms. The park would be steps from major cultural institutions like the Philadelphia Museum of Art and pass through the Community College of Philadelphia's campus in a seamless link of 10 distinct neighborhoods. But only the quarter-mile stretch of the viaduct has funding so far.

New York City's High Line- a 22-block elevated park- has helped transform neighborhoods on Manhattan's West Side. Luxury condos, galleries, restaurants and boutiques have all but pushed out the industrial grime around the old freight route.

Proponents of Philadelphia's plan envision a similar- if less glitzy- effect.

"The High Line is a Mercedes-Benz of a park, and we don't have people here with that deep of pockets,'' said Paul Levy, of the Center City District, a business improvement organization managing the first phase. The first two sections of the High Line cost about $150 million; the third section costs about $35 million.

Donald Trump's infrastructure plan wouldn't actually fix America's infrastructure problems

In fact, Trump’s only concrete proposal was this slim, 10-page white paper released October 27. In it, campaign advisers Wilbur Ross and Peter Navarro proposed a set of tax breaks for private investors who want to finance infrastructure. These tax breaks, the campaign claims , could help finance $1 trillion worth of projects.

To understand how Trump’s proposal might work, let’s back up for a second and just think about how roads currently get built in America.

Traditionally, state and local governments fund roads directly, using some combination of their own revenues, federal highway aid, and public money borrowed from investors by issuing bonds that are ultimately repaid via taxes or tolls. Public agencies then oversee the design, construction, and maintenance of said roads.

In recent years, though, some states have been experimenting with bringing private investors directly into projects, via “public-private partnerships” (PPPs). The exact set-up varies, but here’s one example: Private firms might bid for a road project, and the winning bidder then raises money from outside investors to design, operate, build, and maintain the road for a set number of years. The firm recoups its costs through tolls or fixed state payments. Because the private company is on the hook for the whole thing, the theory goes, it has an incentive to keep costs low and finish on time.

Why do liberal s Love a Wall Street hedge fund billionaire like George Soros but hate the Koch brothers?

Lets see, on one hand you have a man that intentionally destroys currency for personal gain and on the other hand you have owners of huge, job-creating private American corporation......

Why do liberals hate the good guys?