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68%  
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Keyword: winthemoney

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  • 'Nobody is ready:' Many U.S. cities lack resources to chase $1 trln infrastructure windfall

    02/10/2022 10:30:28 AM PST · by Oldeconomybuyer · 22 replies
    Reuters via Yahoo ^ | February 10, 2022 | By Andy Sullivan
    Reuters) - Erie, Pennsylvania could use a facelift. The lakefront city of 100,000 has been adding jobs and businesses downtown, but it remains saddled with vestiges of its industrial past: abandoned factories, ugly concrete buildings, decaying houses. Leaders have written a stack of development plans, but lack the money needed to turn them into reality. Now their dreams seem possible. Congress last year passed President Joe Biden's $1 trillion infrastructure law, which provides $550 billion in new funding for bridge repair, environmental cleanup and other projects that could transform places like Erie. To win the money, local governments will have...