A Fresh Take on Public Asset Management

An area that I did not understand very well, since I have no real experience with city government, from Bruce Katz and Jeremy Nowak's book The New Localism┬áhas to do with the management of publicly owned assets. According to Katz and Nowak, public infrastructure, public land, and locally owned buildings and spaces are underutilized and … Continue reading A Fresh Take on Public Asset Management

Cities Suffer From Loss Aversion

"Many U.S. cities are, in essence, a fact-free┬ázone when it comes to public assets. They have little knowledge of the assets they own and the market value of those assets, either under current or altered zoning regimes. Ironically, U.S. cities know what they owe (such as pension liabilities) but not what they own. Rectifying that … Continue reading Cities Suffer From Loss Aversion