Innovative Transportation Finance
Three hours a week for five weeks, or as required by the topic. Content varies and cover a wide range of policy topics. May be repeated for credit when the topics vary.
This 1-credit course will examine innovative transportation finance and will meet from September 30 through October 28, 2010.
The nation’s transportation infrastructure is currently deteriorating at rapid pace in the face of increasing congestion and a shortage of revenue collected from traditional funding mechanisms to address our mobility needs.
In recent years, any number of diverse organizations have published reports on the subject of transportation finance, including federal and state agencies, think tanks, and universities: e.g., the Brookings Institution, U.S. Department of Transportation, U.S. Chamber of Commerce, Reason Foundation, U.S. General Accountability Office, and the National Research Council. Topics of discussion include passenger vs. freight transport, urban vs. intercity mobility, traditional vs. innovative finance, toll roads, and public-private partnerships.
This course will address alternative financing mechanisms in terms of their revenue potential, modal coverage (highways, mass transit, waterways, and rail), implementation costs, political feasibility, economic impacts, and equity.
The instructor currently serves as a panel member of a National Research Council-sponsored research project whose goal is to identify and assess the most viable finance options for providing dedicated revenue to fund needed transport investments. He also previously served as a consultant to the Texas Transportation Finance Commission.
Readings: All assigned readings can be accessed on Blackboard. The readings will consist of the previously described published reports on transport finance.
Grading: Class participation—40%; class presentation—60%