Infrastructure Is About People, Not Concrete: How Leaders Are Rethinking What We Build, Where We Build, and How We Pay For it
Nothing is certain except death and taxes, the clichĆ© goes. But even taxes come with surprisesālike the cost of crumbling infrastructure. āWhen we fail to invest in infrastructure, that’s a hidden tax we pay today,ā said Tom Smith, executive director of the American Society of Civil Engineers (ASCE). āInstead of paying a real tax that would produce something, we’re paying in response to infrastructure that is non-performing.ā Smith estimates this hidden tax costs each American family around $2,000 a yearāand could increase to $2,700 āif we fail to continue the Infrastructure Investment and Jobs Act investments that we have today.ā Smith spoke at the recent Transforming Infrastructure Performance (TIP) forum in New York City, a global gathering seeking to ābring together the best minds in infrastructure.ā Attendees included Maryland Lt. Gov. Aruna Miller, who spoke about the effort to rebuild the Francis Scott Key Bridge in Baltimore; Uzoamaka N. Okoye, chief of staff for the New Terminal One at JFK airport, who discussed the complexities and challenges of building a brand-new terminal at one of the worldās busiest airports while keeping flights running; and Tom Curtin, senior policy advisor at the investment firm Meridiam, who talked about funding sustainable and