It would be an underestimation to say this week has been slow or unexciting on terms of news. In fact, this week has revolved around our new president mr Trump and the promises to make USA’s infrastructure “great again”.
Though initially, many cheered for the plan to “go big” and invest heavily (more specifically, $1 trillion dollars!) in improving infrastructure, the plan is looking a bit iffy now. National poll results showed just 11% support for the plan while 44% were strongly opposed to this massive plan. So, those of you who were already excited for the upcoming changes, the poll results for the toll are not looking good.
Read the full recap: Big Infrastructure Bill Doesn’t Find Support
In case you were interested what’s behind that magical $1 trillion number, then we have good news for you: US Transportation Secretary announced a new report which confirms the need for a massive investment. As infrastructure has been neglected before, it’s no surprise the need is so massive both for maintaining the current systems and develop further.
Check out the full news: New USDOT Report reveals the investment need
At the same time, real estate professionals have great faith in these investments. Recent survey showed that real estate executives consider the investment to be the safest and as much as 15.5% of the respondents would actually also contribute to infrastructure. This enthusiasm shows the actual potential this investment might have and even though it might seem like a long way to go, it’s rather clear the support is high.
Take a look at Construction Dive insights: Real estate execs show enthusiasm towards infrastructure investment plan
What are your thoughts about this plan? Do you support the plan or you’d like to see the money invested some different way? Share your thoughts!