The Public Wealth of Cities : How to Unlock Hidden Assets to Boost Growth and Prosperity

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 citys assets smartly through the authors proposed Urban Wealth FundsÂ-at arms-length from short-term political influenceÂ-will enable cities to ramp up much needed infrastructure investments. [Publisher's text]