In this Book

summary
How to leverage existing resources to meet the current and future needs of cities Crumbling streets and bridges. Poorly performing schools and inadequate social services. These are common complaints in cities, which too often struggle just to keep the lights on, much less make the long-term investments necessary for future generations. It doesn’t have to be this way. This book by two internationally recognized experts in public finance describes a new way of restoring economic vitality and financial stability to cities, using steps that already have been proven remarkably successful. The key is unlocking social, human, and economic wealth that cities already own but is out of sight—or “hidden.” A focus on existing public wealth helps to shift attention and resources from short-term spending to longer-term investments that can vastly raise the quality of life for many generations of urban residents. A crucial first step is to understand a city’s balance sheet—too few cities comprehend how valuable a working tool this can be. With this in hand, taxpayers, politicians, and investors can better recognize the long-term consequences of political decisions and make choices that mobilize real returns rather than rely on more taxes, debt, or austerity. Another hidden asset is real estate. Even poor cities own large swathes of poorly utilized land, or they control underperforming utilities and other commercial assets. Most cities could more than double their investments with smarter use of these commercial assets. Managing the city’s assets smartly through the authors’ proposed Urban Wealth Funds—at arm’s-length from short-term political influence—will enable cities to ramp up much needed infrastructure investments.

Table of Contents

  1. Front Cover, Front Flap
  2. restricted access
    • Download PDF Download
    contents
  1. Half Title, Title Page, Copyright
  2. restricted access
    • Download PDF Download
    contents
  1. Table of Contents
  2. pp. v-viii
  3. restricted access
    • Download PDF Download
    contents
  1. Foreword
  2. Dan Doctoroff
  3. pp. ix-x
  4. restricted access
    • Download PDF Download
    contents
  1. Preface
  2. pp. xi-xii
  3. restricted access
    • Download PDF Download
    contents
  1. Chapter 1: The Investment Trap
  2. pp. 1-24
  3. restricted access
    • Download PDF Download
    contents
  1. Chapter 2: Why Some Cities Fail
  2. pp. 25-54
  3. restricted access
    • Download PDF Download
    contents
  1. Chapter 3: Turbo Cities
  2. pp. 55-86
  3. restricted access
    • Download PDF Download
    contents
  1. Chapter 4: Taking Control of a City's Balance Sheet
  2. pp. 87-120
  3. restricted access
    • Download PDF Download
    contents
  1. Chapter 5: The Urban Wealth Fund: A Conduit for Maximizing Value
  2. pp. 121-146
  3. restricted access
    • Download PDF Download
    contents
  1. Chapter 6: Succeeding with Urban Wealth Funds: Some Case Studies
  2. pp. 147-178
  3. restricted access
    • Download PDF Download
    contents
  1. Chapter 7: Shrinking the Social Debt of Cities
  2. pp. 179-198
  3. restricted access
    • Download PDF Download
    contents
  1. Chapter 8: Boosting the Value of Human Assets
  2. pp. 199-210
  3. restricted access
    • Download PDF Download
    contents
  1. Chapter 9: Reinventing City Democracy
  2. pp. 211-222
  3. restricted access
    • Download PDF Download
    contents
  1. Notes
  2. pp. 223-244
  3. restricted access
    • Download PDF Download
    contents
  1. Index
  2. pp. 245-259
  3. restricted access
    • Download PDF Download
    contents
  1. Back Flap, Back Cover
  2. restricted access
    • Download PDF Download
    contents

Additional Information

ISBN
9780815729990
Related ISBN
9780815729983
MARC Record
OCLC
981509133
Pages
233
Launched on MUSE
2017-06-01
Language
English
Open Access
No
Back To Top

This website uses cookies to ensure you get the best experience on our website. Without cookies your experience may not be seamless.