Caution Ahead: A new report shows that New York City’s infrastructure needs total $47.3 billion just to keep conditions in a state of good repair.

A report by the Center for an Urban Future—Caution Ahead: Overdue Investments for New York’s Aging Infrastructure—highlights the much needed investments in New York City’s infrastructure and the vulnerabilities the city faces from aging water mains and deteriorating roads to crumbling public schools.  If left unchecked, the report said, they could wreak havoc on the city’s economy of quality of life.  The report finds there is a funding gap of $34.2 billion for the replacement and repair of existing infrastructure – not new structures or increased capacity.