Thinking about it this way, the basic problem of Providence (and by extension the rest of Rhode Island) becomes obvious: it is a small city, without an above average talent pool or assets, but with high costs and business-unfriendly regulation. Thus Providence will neither be competitive with elite talent centers like Boston, nor with smaller city peers like Nashville that are low cost and nearly “anything goes” from a regulatory perspective. There’s little prospect of materially changing either the talent/asset mix or the cost structure in the near term even if there was consensus to do so, which there isn’t. So expect struggles to continue, even if there’s a bit of lift from a change in national macroeconomic conditions.
→ DC Streetsblog: Will Massachusetts Tax Parking Lots to Fund Transit?
Here’s a transportation funding idea that aligns incentives nicely: taxing parking lots to pay for transit.
That’s what one former high-ranking state official is proposing for Massachusetts, ahead of a big announcement by the state Department of Transportation. Earlier this week Governing Magazine looked at the parking lot tax plan, part of a series of policy recommendations laid out by former Massachusetts Department of Transportation Secretary James Aloisi.