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Cliff. The Infrastructure. David Swindell, Director Center for Urban Innovation Arizona State University. Overview. The bird’s eye view on current infrastructure What the futures hold Challenges and opportunities Colleagues will get into specifics. What the ASCE Says. B-.
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Cliff The Infrastructure David Swindell, Director Center for Urban Innovation Arizona State University
Overview • The bird’s eye view on current infrastructure • What the futures hold • Challenges and opportunities • Colleagues will get into specifics
D+ What the ASCE Says
D What the ASCE Says
Focusing on Bridges • Overall, 10.5% of all US bridges were classified as structurally deficient by US FHA in 2013. • Overall, 13.9% of all US bridges were classified as functionally obsolete. • Only 3.0% of AZ’s 7,862 bridges were classified as structurally deficient. • Only 9.1% were functionally obsolete. • AZ only one of nine states that did not bring down the number deficient bridges since Minneapolis. • As with the nation as a whole, locally owned bridges (mainly county) are significantly more likely to be deficient.
Issues • Sustainability • Resiliency • Economic development • Financing opportunity • Short-term thinking on long-term problems • US Highway Trust Fund • AZ HURF for the medium- and long-term
Paying for Infrastructure Operational budgets Capital budgets
AZ Has Regained 57% of Lost Jobs133,100 Jobs (43%) Still to Recover 2.68 million Oct. 2007 179,500 Jobs Regained (57%) 312,600 AZ Jobs Lost (12%) 2.37 million Feb. 2010 Source: U.S. Bureau of Labor Statistics, Thousands of Jobs, Seasonally Adjusted Data through June 2014.
Other Considerations • Targeted economic development investment • Human capital • Intellectual capital • Changes in technology • State limitations constraining local actions
Thank You! Public Financing Alternatives Report at the ASU Table Visit http://urbaninnovation.asu.edu Follow @ASUUrbanInnov on Twitter David Swindell, Director Center for Urban Innovation Arizona State University