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Funding Municipal Infrastructure: Integrating Project Finance and Crowdfunding

TitleFunding Municipal Infrastructure: Integrating Project Finance and Crowdfunding
Publication TypeWorking Paper
Year of Publication2015
AuthorsGasparro, K
KeywordsWorking Paper
Abstract

Rapid urbanization within the United States has increased stress on municipal infrastructure systems. Understanding the underlying issues provides a new perspective for implementing innovative infrastructure financing strategies. Increased deployment of project financing has been used for large infrastructure projects and there is potential to scale these strategies for municipal infrastructure assets. Likewise, crowdfunding has unleashed new tools for engaging constituents in infrastructure development. Combining crowdfunding and project finance provides municipalities with a new option for launching community infrastructure projects.

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