Priorities - Fund2040PROD
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Infrastructure underlies long-term prosperity in the region. It allows for goods movement as well as passenger travel, protects the environment and public health, guards against property damage and loss of life, and supports livability. For the purpose of this regional fund, infrastructure is defined as a long-lasting physical asset, including land, that is publicly owned or that provides a significant public benefit. Transportation improvements, stormwater, sewer, and water systems, green infrastructure, parks, and open space all meet this definition of infrastructure.
An ideal FUND 2040 infrastructure project is one that meets multiple objectives or that blends transportation modes, such as:
- A new park with green infrastructure that reduces flood risk and also links to an off-street trail.
- A new express toll lane on a highway that also enables bus rapid transit (BRT).
- A street reconstruction combined efficiently with water main or sewer replacement.
Accomplishing several objectives in one project stretches limited resources further. Often, these multimodal or multi-objective projects have challenges assembling funds from varied sources — a problem that FUND 2040 would address. Funding for different project types could vary from year to year based on the needs of the region, with the decision informed by broad discussion through CMAP's inclusive committee structure.
An ideal infrastructure project also reinforces and supports local, county, and regional plans, driving investment in places where growth is desired. FUND 2040 is meant to support infrastructure that creates regional economic growth to benefit all of our region's communities. Projects in communities that have carefully and inclusively planned for their futures, and have aligned their regulations and internal priorities to support their long-term vision, are ideal candidates for investment through FUND 2040.