Richard2327 Wrote:
Nov 29, 2012 8:17 AM
Mr. Malanga, enjoyed your article and catchy title, but do not agree totally w/ implication. The same argument (construction of airport did not result in expected outcome of economic growth, therefore wrong or wasted) may be applied with similar conviction to roads, bridges, railroad tracks, et.al. 3 reasons: 1. was econ activity in the investment and construction (so an all in accounting might include avoided unemployment costs, the wages earned and spent in the economy, etc), 2. time horizon - possible that as time passes the "new" airport will be used more, 3. it's an enabler - that some businesses will make their location decisions upon availability of transportation - but not as strong a determinant in and of itself.