I've been writing this week about the book The Public Wealth of Cities, and the concept of better managing government assets to realize greater returns for public use.
When discussing new concepts like this, nothing beats a case study of how it might work in reality. So, to end the week, let's take a look at how Copenhagen has used an 'urban wealth fund' to revitalize its port AND rebuild it's transit system, thus transforming the city into a modern economic powerhouse. And they did it without raising taxes. How do you think we could use these ideas in the U.S.?
This paper explores how the Copenhagen model can revitalize cities and finance large-scale infrastructure by increasing the commercial yield of publicly owned land and buildings without raising taxes.