Relying on 20th century, or even 19th century infrastructure is like playing Russian Roulette. It's going to blow up at some point. The only question is, when, and how severe the damage is. - Scott Rechler, Chairman and CEO of RXR Realty
Scott Rechler spoke on CNBC this week about the importance of upgrading our infrastructure. He spoke of the upsides of infrastructure improvements such as better roads, clean drinking water and the positive impact on business and communities.
Last week, the U.S. Chamber of Commerce conducted a survey that found that voters want the federal government to invest more in the nation’s transportation infrastructure and believe those investments would create jobs and help American businesses.
Scott called for the government to invest in our future and also for private enterprises to participate in infrastructure upgrades. Private companies can bring their expertise and discipline to projects and take on some of the risk from the public. RXR Realty is known for participating through private/public partnerships in improving infrastructure in suburban New York including the Garvies Point development in Glen Cove, NY.