The entire country is in recession, but the nation's ports are experiencing a flood of interest from investors, according to this article from Reason.
"Despite the current recession and drop-off in business, private investors are still looking for opportunities to invest in the nation's ports, suggesting investors think that ports will improve before many other parts of the economy. And cash-strapped governments should be looking to take advantage of these public-private partnership opportunities."
"'Ports are going to be one of the first lines of the economy to turn, when the environment improves,' Christopher Lee, managing partner of Highstar, the company set to invest $150 million in the Port of Oakland. 'We want to be ahead of the competition.'"
"The Oakland deal isn't the only one. The Virginia Department of Transportation (VDOT) received an unsolicited $3.5 billion proposal from an Illinois firm, CenterPoint Properties, to develop a public-private partnership with the Virginia Port Authority."
FULL STORY: Even During the Recession Private Companies Are Investing In Ports
Los Angeles and Long Beach Ports Put Zero Emissions Goal in Writing
Mayors Eric Garcetti and Robert Garcia pledge their ports will bring their carbon footprint down to zero by 2030.
Inside the P3 that's Reinventing Long Beach
Several years ago, officials in Long Beach, California, found themselves in a pickle. They had an aging city hall in need of seismic retrofits (price tag: $194 million). Fast-forward to last July, when ground was broken on a $520 million project.
What's Keeping the U.S. Behind China on Infrastructure Investment?
The problem, Paul Rosenstiel writes, isn't a scarcity of capital. It's an unwillingness to make investing in infrastructure a lucrative choice for private capital.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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