Mississippi_River_Lock_and_Dam_number_26 (2) The Melvin Price Locks and Dam, also known as Lock and Dam No. 26, on the Mississippi River at Alton, IL., just north of St. Louis.

CHICAGO—As reported last week in GlobeSt.com, in the aftermath of the election there is now a lot of talk about possibly directing significant funds toward the rebuilding of US infrastructure. If that actually happens, it could have a profound impact on the nation’s industrial real estate market. But Walter Kemmsies, managing director, economist and chief strategist for the US ports, airports and global infrastructure group at Chicago-based JLL, tells GlobeSt.com that although the need for new infrastructure is great, everything hinges on what specific projects get funding.

A long-standing problem with the US has been its tendency to direct dollars toward road construction, rather than infrastructure which will strengthen the economy by promoting exports. The reason for that unfortunate tendency is simple, but tough to overcome.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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