This is the second part of a three-part “Food for Thought” report that explores a conceptual model — detailed on page 8 — that uses federally credit-enhanced taxable revenue bonds for institutional investors to finance U.S. infrastructure projects. In part one, it was established that a preference for a more income-oriented, stable-value (core-like) infrastructure investment option has kept many institutional investors on the sidelines. The objective of this “Food for Thought” series is to promote thinking and discussion about how to compel these investors to take a more active role in financing infrastructure developments in the United States. The conversation will continue at the Institutional Investing in Infrastructure (I3) conference Nov. 30–Dec. 2 in Washington, D.C., where this report will be presented and discussed. The results will be published in part three of the report in the January issue of Institutional Investing in Infrastructure.
For part two, i