In March, Chicago Mayor Rahm Emanuel joined with former President Bill Clinton to announce a novel new city program – the Chicago Infrastructure Trust.

The proposed Trust will bring to Chicago a development model – that of joint public-private investments – that has proven to be a dynamic and cost effective mechanism in other countries but which has not yet gained traction in the US. As the US faces a looming infrastructure crunch and a federal government that is proving utterly incapable of addressing the country’s long term planning needs, the innovation is coming not a moment too soon.

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