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Long Island Contractors' Association

New York Times

Suffolk explores sewer infrastructure bank

by David Winzelberg
Published: January 10, 2012

Suffolk County Legislator Steve Stern has introduced legislation that could lead to establishing a county infrastructure bank to create public-private partnerships and provide funding for infrastructure projects.

The bank would provide a method for Suffolk to leverage assets of the private business sector in order to finance infrastructure and economic development projects, especially sewer expansion, that may otherwise not proceed due to economic or funding constraints, according to a statement.

Stern said the idea is a model that utilizes a private-sector business investment rather than a big government approach.



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