San Diego’s funding shortfall for infrastructure projects surpassed $5 billion this winter for the first time—a nearly 20 percent jump driven by sharply increasing needs for parks projects, streetlight upgrades, and flood prevention, according to La Jolla Light.
The city’s infrastructure backlog, which is the gap between projected infrastructure needs over the next five years and the funding available for them, climbed from $4.32 billion last winter to $5.17 billion.
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Source: La Jolla Light
About the Author
Frank RaczonFrank Raczon
Frank Raczon has influenced and covered the equipment industry for 35 years, including 15 years as senior editor of Construction Equipment, and marketing, advertising, and public relations work for the industry's top manufacturers. He authored "Caterpillar: Modern Earthmoving Marvels" (Motorbooks, 2015), and has won numerous awards in his career, highlighted by nods from the Construction Writers Association, the Association of Equipment Manufacturers, the Business Marketing Association, and BtoB magazine. Raczon has also won awards from publishing peer groups such as ASBPE and TABPI.
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