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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.