Paying For Public Infrastructure in the "New Normal"
August 2010

The "New Normal" is the latest catch phrase in economic circles. In Arizona's development market, the New Normal manifests itself in the inability or unwillingness of lenders to finance debt in the amounts, at the interest rates, within the time frames, and with the security and other conditions that previously fueled the development boom in the Southwest. The July 2010 ULI program examined how the New Normal has and will affect our ability to pay for public infrastructure.

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