Doing the math on a routine, uncontroversial street paving project reveals an investment that will never pay for itself, in a city that has thousands of such investments. That we do it anyway reflects the cultural consensus at the root of our towns’ financial problems.
Read MoreLocal governments can’t take on more and more promises without generating enough wealth to meet those obligations—not without a reckoning. We need a radical revolution in how we plan, manage, and inhabit our cities, counties, and neighborhoods. We need a Strong Towns approach.
Read MoreIn an earlier Strong Towns Podcast, Chuck Marohn chatted with urban analyst Aaron Renn, who made the case for Carmel, Indiana’s massive debt as an investment in a high-quality place for posterity. In today’s episode, Chuck pushes back more forcefully on the assumptions underlying Carmel’s big gamble.
Read MoreThis week on the Strong Towns Podcast, Chuck talks with Manhattan Institute Senior Fellow Aaron Renn about Carmel, Indiana, a city that has gone into nearly unparalleled amounts of debt in a bid to become Indianapolis’s premier suburb.
Read MoreThis week on the Strong Towns Podcast, Chuck talks with Jase Wilson, the founder and CEO of Neighborly, about bringing small-scale investors back to the municipal bond market, empowering people to invest in the real, observed needs of communities they care about.
Read MoreLocal governments can’t take on more and more promises without generating enough wealth to meet those obligations—not without a reckoning. We need a radical revolution in how we plan, manage, and inhabit our cities, counties, and neighborhoods. We need a Strong Towns approach.
Read MoreAs the Lincoln Institute of Land Policy launches this new campaign, let's hope that they resist being just another member of the Infrastructure Cult and instead become real advocates for a stronger America.
Read MoreAmerica’s cultural belief is that growing cities experience not only opportunity and prosperity today, but the growth allows them to experience success far into the future. There is a built-in assumption that new growth pays for itself today and generates enough wealth to sustain itself generation after generation.
These are flawed assumptions.
Read MoreHow can we best invest cheap money? With a Strong Towns approach to debt centered on true investments which pay a measurable return and legitimate cash flow in a city that understands its true balance sheet.
Read MoreWe're all Detroit. The sooner we realize it, the sooner we can commit ourselves to building a nation of strong towns.
Read More