eBook - ePub
The Public Wealth of Cities
How to Unlock Hidden Assets to Boost Growth and Prosperity
- 272 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
The Public Wealth of Cities
How to Unlock Hidden Assets to Boost Growth and Prosperity
About this book
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.
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.
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Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access The Public Wealth of Cities by Dag Detter,Stefan Folster in PDF and/or ePUB format, as well as other popular books in Business & Business generale. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Cover
- Title Page
- Copyright
- Contents
- Foreword
- Preface
- Chapter 1: The Investment Trap
- Chapter 2: Why Some Cities Fail
- Chapter 3: Turbo Cities
- Chapter 4: Taking Control of a City’s Balance Sheet
- Chapter 5: The Urban Wealth Fund: A Conduit for Maximizing Value
- Chapter 6: Succeeding with Urban Wealth Funds: Some Case Studies
- Chapter 7: Shrinking the Social Debt of Cities
- Chapter 8: Boosting the Value of Human Assets
- Chapter 9: Reinventing City Democracy
- Notes
- Index