Local Beneficiaries of Obama's Presidency

We’ve had some discussion in the past about the potential implications of an Obama presidency. As we noted on Thursday, California’s High Speed Rail System, now that it has a $10 billion taxpayer-approved bond on its side, may well be the first project to benefit. But there are three other major infrastructure projects that are quite likely to find further funding in the first few months of the Administration: the further reconstruction of New Orleans and the surrounding area post-Katrina; a Midwest High-Speed Rail system initially emanating from Chicago; and the necessary financing of the Chicago 2016 Olympic Games, if the city is selected by the International Olympic Committee as host.

Mr. Obama has made it clear that the Bush Administration’s failure to provide for the functional reconstruction of New Orleans and the Gulf Coast is unacceptable. His campaign platform argues that “as president, Barack Obama will partner with

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by Yonah Freemark

yfreemark (at) thetransportpolitic (dot) com

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