Half the year gone--poof.

If you think, drivers are cutting back, the pleasure boat industry has been hammered even more. From my inlet vantage point with a view of all comings and goings from various marinas into Long Island bays towards the ocean, those comings and goings are relatively few and far between this summer. Late June--early July weekends normally pack the channel with watercraft--not this year. You've got to have money to burn under any circumstances to take out a cigar boat -- yesterday nary a one passed by to rouse the neighborhood in familiar jackhammer-like cacophony. And the local fishermen seem to be sticking to the docks and surf casting. Marina owners must feel a lot like greenfield suburban developers.

No doubt gasoline costs and energy will become top of mind campaign issues. The candidate worthy of support will map out a long-range plan to get the country out of its mess tied into restoring the nation's rapidly declining infrastructure, which contributes to more wasted time, delays, and costs. We need a New Deal style plan to build new airports, high speed rail, and mass transit, which all link together in our major urban areas, the so-called global gateways where most of our population now gravitates and where most of the nation's business takes place. Not only will a national infrastructure plan help ensure our global competitiveness, it could also put a lot of people to work. Local land use agendas need to tie into the national plan through tax incentives with emphasis on transit oriented development and high rise residential in and around pedestrian friendly urban nodes. We need to take a page from China and reserve 20-30% of our urban and suburban infill for green space--parks convenient to neighborhoods--so people don't have to drive everywhere to recreate. And we need to stop earmarks and funding programs--like tax increment financing--that allow local communities to build roads and sewer systems that perpetuate sprawl and cannibalize tax bases.

Even if we come up with the electric car or the no-carbon footprint car battery, greater self-sufficiency on energy will not solve our congestion crisis. We desperately need a more top down approach to land planning and infrastructure or all the talk about new solutions won't matter much. We're slated to add 100 million people to the country in the next 35 years and we will all be in perpetual gridlock, if we don't fix the system for how we will all move around.

Or we can just keep depending on gas costs increasing and sending more "foreign aid" to some of our favorite places like Iraq, Iran, Saudi Arabia, Nigeria and Venezuela. Our roads will be more potholed, but that won't matter so much. Highways will be congestion free--just like the ocean inlet.

Anyone need a cigar boat or a Hummer to drive to the marina?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jonathan D. Miller

A marketing communication strategist who turned to real estate analysis, Jonathan D. Miller is a foremost interpreter of 21st citistate futures – cities and suburbs alike – seen through the lens of lifestyles and market realities. For more than 20 years (1992-2013), Miller authored Emerging Trends in Real Estate, the leading commercial real estate industry outlook report, published annually by PricewaterhouseCoopers and the Urban Land Institute (ULI). He has lectures frequently on trends in real estate, including the future of America's major 24-hour urban centers and sprawling suburbs. He also has been author of ULI’s annual forecasts on infrastructure and its What’s Next? series of forecasts. On a weekly basis, he writes the Trendczar blog for GlobeStreet.com, the real estate news website. Outside his published forecasting work, Miller is a prominent communications/institutional investor-marketing strategist and partner in Miller Ryan LLC, helping corporate clients develop and execute branding and communications programs. He led the re-branding of GMAC Commercial Mortgage to Capmark Financial Group Inc. and he was part of the management team that helped build Equitable Real Estate Investment Management, Inc. (subsequently Lend Lease Real Estate Investments, Inc.) into the leading real estate advisor to pension funds and other real institutional investors. He joined the Equitable Life Assurance Society of the U.S. in 1981, moving to Equitable Real Estate in 1984 as head of Corporate/Marketing Communications. In the 1980's he managed relations for several of the country's most prominent real estate developments including New York's Trump Tower and the Equitable Center. Earlier in his career, Miller was a reporter for Gannett Newspapers. He is a member of the Citistates Group and a board member of NYC Outward Bound Schools and the Center for Employment Opportunities.