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New & Noteworthy
Monday July 24th: Public Wealth of Cities by Dag Detter in conversation with Bruce J. Katz
Crumbling streets and bridges. Poorly performing schools and inadequate social services. These are common complaints in cities, which too often struggle just to keep the lights on, much less make the long-term investments necessary for future generations.
It doesn’t have to be this way. This book by two internationally recognized experts in public finance describes a new way of restoring economic vitality and financial stability to cities, using steps that already have been proven remarkably successful. The key is unlocking social, human, and economic wealth that cities already own but is out of sight—or “hidden.” A focus on existing public wealth helps to shift attention and resources from short-term spending to longer-term investments that can vastly raise the quality of life for many generations of urban residents.
Dag Detter specializes in public commercial assets and works as an adviser to investors, local and national governments, as well as international financial institutions to help unlock public wealth. As President of Stattum, the Swedish government holding company, and a Director at the Swedish Ministry of Industry, he led the comprehensive restructuring of the national government portfolio. Dag has worked extensively as an investment banker and an adviser in Asia and Europe and served as Non-Executive Director on a range of boards of private and public companies.
Bruce J. Katz is the inaugural Centennial Scholar at the Brookings Institution, where he focuses on the challenges and opportunities of global urbanization. Katz assumed this cross-institution role in January 2016 after 20 years as the vice president and co-director of the Brookings Metropolitan Policy Program, which he founded in 1996. He is also co-author of "The Metropolitan Revolution", which argues that cities have become the vanguard of policy innovation and problem-solving in the United States and the world.