Infrastructure Asset Management Plans – Helping communities develop long-term rate structures

January 9, 2015

By James Hegarty, PE

I’m encouraged by Michigan’s state-wide movement toward adopting asset management as a financial planning tool for key infrastructure systems. This article supported my belief that to enjoy the current level of service from our infrastructure into the future, it’s going to cost more money.

It’s easy to see the results of neglecting to maintain and invest in roads. Potholes are more than an annoyance and failed streets are more expensive to fix than failing streets. Voters will decide on a road-funding tax proposal this Spring.

It’s less obvious to users to see what’s happening with buried infrastructure like sewer, water and storm sewer pipes. As more communities develop asset management plans for buried pipes, I’m sure we’ll need more money to keep them operating in line with our future needs.

You can contact Brian Vilmont or me to learn more about developing an asset management plan and a rate structure to support it.


Recent

View More

Cherry Capital Airport Receives MDOT-AERO Award

Congratulations to the Northwestern Regional Airport Commission at Cherry Capital Airport (TVC) in Traverse City on its recognition as Airport of the Year by MDOT–AERO (Michigan Department of Transportation–Aeronautics) for its outstanding efforts associated with the rehabilitation and extension of Runway 10/28. Prein&Newhof’s airport team worked for 10+ years with TVC staff, the Northwestern Regional Airport Commission, […]

Learn More >

President Trump’s water infrastructure proposal shifts current funding models

By Jim Hegarty, PE The University of North Carolina’s Environmental Finance Center recently shared an article highlighting four proposed White House initiatives that could change business as usual in the water infrastructure funding world. The four concepts introduced in it are: $100 billion in incentives for projects that increase revenue streams and support economic development. A […]

Learn More >

Thomas Smith named Chair of MSFA

Congratulations to P&N Senior Project Manager Thomas A. Smith, PE, CFM who was recently named Chair of the Michigan Stormwater–Floodplain Association (MSFA). Tom has been a member of MSFA for 15 years, and has served on the Board of Directors since 2010. As Chair, he is responsible for presiding over MSFA Executive Board Meetings and the annual […]

Learn More >

P&N Professional Jonathan Nelson earns PE License

Prein&Newhof is proud to announce that Jonathan Nelson recently earned his Professional Engineer (PE) license in the State of Michigan. To earn the PE license in the State of Michigan, individuals must earn a four–year college degree, pass the Fundamentals of Engineering exam, work under a Professional Engineer for at least four years, and pass the Principles and […]

Learn More >