Jonathan D. Miller

Even in the wake of “Infrastructure Week”, President Trump’s infrastructure plans remain a vague promise—$200 billion in federal funds leveraging $800 billion in private capital (in return for generous tax breaks) and the contribution of state and local funds over ten years in unspecified, one-off urban and rural projects. This blank slate might not only comprise transportation projects, but also broadband, water and sewer, dams and even veterans hospitals and schools. The outline of the proposals also encourages states and cities to sell operating rights for toll roads, airports, rail stations, and water-sewer plants to private managers in various forms of public-private partnerships that would help fund projects. At the same time, the President’s budget proposes cuts to basic maintenance outlays for various infrastructure systems like road paving and sewer repairs—robbing Peter to Paul?

After stonewalling President Obama’s repeated calls for infrastructure funding, the GOP-controlled Congress and particularly its Tea Party element likely will be loath to legislate big ticket projects underwritten by federal taxpayers. That’s why the President counts on encouraging private sourcing solutions in his program, which tries to give the appearance of getting more for less.

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Jonathan D. Miller

A marketing communication strategist who turned to real estate analysis, Jonathan D. Miller is a foremost interpreter of 21st citistate futures – cities and suburbs alike – seen through the lens of lifestyles and market realities. For more than 20 years (1992-2013), Miller authored Emerging Trends in Real Estate, the leading commercial real estate industry outlook report, published annually by PricewaterhouseCoopers and the Urban Land Institute (ULI). He has lectures frequently on trends in real estate, including the future of America's major 24-hour urban centers and sprawling suburbs. He also has been author of ULI’s annual forecasts on infrastructure and its What’s Next? series of forecasts. On a weekly basis, he writes the Trendczar blog for GlobeStreet.com, the real estate news website. Outside his published forecasting work, Miller is a prominent communications/institutional investor-marketing strategist and partner in Miller Ryan LLC, helping corporate clients develop and execute branding and communications programs. He led the re-branding of GMAC Commercial Mortgage to Capmark Financial Group Inc. and he was part of the management team that helped build Equitable Real Estate Investment Management, Inc. (subsequently Lend Lease Real Estate Investments, Inc.) into the leading real estate advisor to pension funds and other real institutional investors. He joined the Equitable Life Assurance Society of the U.S. in 1981, moving to Equitable Real Estate in 1984 as head of Corporate/Marketing Communications. In the 1980's he managed relations for several of the country's most prominent real estate developments including New York's Trump Tower and the Equitable Center. Earlier in his career, Miller was a reporter for Gannett Newspapers. He is a member of the Citistates Group and a board member of NYC Outward Bound Schools and the Center for Employment Opportunities.

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