The success of commercial real estate projects depends largely on the availability of adequate infrastructure in our communities, such as roads, ports, rail and water systems. The federal government should pursue policies that promote and help maintain viable connectivity strategies that incorporate different modes of transportation of people and goods, including highways, rail and mass transit and public transportation systems.
Expansion of public-private partnerships for major projects. Congress should increase public and private investment levels by promoting a regulatory and tax environment for investment that is conducive to attracting dollars and technology from the private sector. The use of public-private partnerships (P3’s), which bring more private sector investment to help address our existing and growing infrastructure and transportation needs, should be expanded.
Continued funding for public-sector investment. Public sector investment policies should be based on revenue sources that are predictable, reliable and sustainable to ensure that needed maintenance and repair of existing infrastructure occurs on a timely basis and to provide for infrastructure investment where private-sector involvement is not economically feasible.
Policies to promote efficient intermodal and multimodal development. Expansion of our ports and increased freight rail capacity is needed to relieve congestion problems associated with the movement of goods to and from international markets. A national goods movement strategy is necessary to encourage development of warehouses and other distribution facilities along trade corridors to meet future growth demands.
Simplified and flexible processes for the most efficient use of public resources. Congress should remove and prevent obstacles to building new infrastructure by defining the top regulatory obstacles that need to be eliminated and other major challenges that deter investment. Permitting and approval processes should be streamlined to improve project delivery systems and reduce costs.
Federal funding and support for infrastructure is of critical importance to the commercial real estate industry. NAIOP supports federal government incentives to promote the increased use of public-private partnerships for much-needed infrastructure investment, as well as long-term transportation funding for the maintenance and repair of the nation’s existing highways, bridges and roads.
Vice President for Government Affairs
703-904-7100, ext. 115