Recent studies indicate that there is a $1 trillion need for infrastructure on the west coast in the next 30 years and declining federal support. A 2008 study on infrastructure for the Portland area alone found a gap of over $20 billion.
Experts note that there is in fact private and institutional capital out there to help close these financing gaps; what is missing is the right mechanics to attract such investment. The key to growing a better pipeline of investable, innovative infrastructure projects is stronger local and state technical assistance, regulatory innovation and reforms in how governments conduct capital facilities planning.
To address these gaps, the state of Oregon has begun a process to integrate Governor, Treasurer and agency efforts around infrastructure acceleration and capital facilities planning. This memo from Dan Carol, Director of Multi-State Initiatives for the State of Oregon, summarizes Oregon’s efforts to date to accelerate local, state and regional innovative practice and create a new investable infrastructure project pipeline.