To help the country recover from the economic impact of the pandemic, the U.S. government is working on funding for infrastructure improvements. A wise government investment is estimated by the Congressional Budget Office to yield $2.20 of economic benefit for every dollar spent. An investment is sorely needed. In 2016, the American Society of Civil Engineers estimated that the United States had an unfunded infrastructure gap of more than $2 trillion. That figure may now be an underestimate: Public infrastructure federal, state and local spending was only 2.3 percent of the GDP in 2017 (the latest year for which figures are available) — a record low. There are also many needs related to public and private buildings, including the need to upgrade aging schools, repurpose office buildings, address housing shortages, build data centers and respond to climate change impacts, to name a few. If funding becomes available, we must maximize this critical investment and stretch the funding across many priorities. We can't do this effectively by continuing down the same road. The building enterprise continues to become more demanding and complex, in terms of use of resources (money, material, workforce, carbon) and performance (climate change, public health) but relies on… Read full this story
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