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OCR for page 91
I N S T I T U T I O N A L F R A M E W O R K F O R I N N O VAT I V E T R A N S P O RTAT I O N F I N A N C E 79
Potential strategy: Create a standing advisory com- years. Similarly, there is no incentive for localities to
mittee with broad representation from various trans- understand or accept that transportation resources may
portation interests to help identify and evaluate relevant need to be distributed unequally to address mobility
policy issues. issues in different areas of a state effectively.
Potential strategy: Create financial incentives that
reward locally developed transportation solutions.
Local Resistance to Innovative Finance Initiatives
It is difficult for local communities to evaluate and The opinions expressed in this resource paper are those
build consensus on whether a tolled project delivered in of the author and do not represent the views of Bear,
3 years is better than a toll-free facility delivered in 10 Stearns & Co., Inc.
