Big money is looking for projects to invest in, but the pace of dealmaking is slow
St. Louis’s Lambert International Airport traces its history to aviation’s beginnings. The man it’s named after—Albert Bond Lambert—learned to fly with the Wright brothers. Charles Lindbergh started there, delivering airmail, and then christened his famous plane the Spirit of St. Louis. In 1928 the facility became one of the first municipally owned airports in the U.S.
These days, the place could use a makeover: Some recent reviewers on Yelp complained about too few bathrooms, limited food options, and not enough outlets to charge cell phones. One traveler called it the “okayest” airport he’d ever visited. In a bid to give the facility a refresh, the city has been pursuing a plan to hand day-to-day operations to a private company.
It’s one of dozens of public-private partnerships—including a $9 billion plan to expand highways outside Washington or the build-out of a “smart city” system in Kansas City, Mo.—that have been pitched throughout the U.S. in recent years to provide much-needed upgrades to infrastructure. Meanwhile, the Trump administration has called for having the private sector play a big role in improving the nation’s roads, rails, airports, and bridges.
Bu hikaye Bloomberg Businessweek dergisinin July 23, 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Bloomberg Businessweek dergisinin July 23, 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
Running in Circles
A subscription running shoe program aims to fight footwear waste
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers