The Real Deal Miami

Transit infrastructure overlooked nationwide, experts say

October 23, 2009 06:28PM

Mass transit dollars need to keep rolling in to keep real estate development in the U.S. moving, according to industry experts. The correlation between the health of mass transit and the long-term condition of surrounding real estate nationwide was the focus at this morning’s Baruch College panel, “Transformative Infrastructure: Key Decisions on Transportation,” held in New York City. Andrew Herrmann, chair of the Infrastructure Report Card Committee of the American Society of Civil Engineers, said that the lack of funding for transit infrastructure is a national problem that can degrade the quality and value of communities. By his count, poor infrastructure only gets attention when major accidents like bridge collapses occur, while U.S. school buildings haven’t seen a major structural review in a decade. TRD