Met Council endorse University Corridor LRT

From today’s Strib: Met Council vote embraces light rail for St. Paul central corridor.
Is the Central Corridor Light Rail a good or bad investment?

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Interstate is 50

The Interstate Highway System turns 50 this month and there are some interesting blogs about people part of the celebratory convoy. It was amusing to read about the RV industry’s difficulties maintaining the route on time (problems with weather, permits, etc.). Even something this well-planned goes awry, though things are certainaly better than when Eisenhower tried his convoy after World War I.

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Thought experiment: Financing public education

The overall quality of a public school is largely derived from two characteristics: the quality of the education provided (which depends in large part on teachers and facilities) and the quality of the learning (which depends on students). Hedonic models of house price indicate that the quality of public schools is capitalized in the value of land. Such matters are important. First, schools are a major determinant of property values and thus residential sorting by income, where the rich can isolate themselves from the poor. This introduces inequity into the system. Second, an analogy can be drawn to how roads should be paid for and whether users should pay or they should be capitalized into property taxes.

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