Back to the Future; or, Once Again, Parking Leads Development

Over the past week, it has become increasingly apparent that Oakland’s response to the US Dept. of Transportation’s Smart City Challenge grant for $50 million will not only respond to a set of transportation problems with a suite of smart technology solutions, but also and perhaps more importantly it will respond to a significant institutional or business model challenge by putting forward an organizational innovation that builds directly on policies and practices that have been decades in the making.

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The Public Economics of Smart Cities and the Internet of Things

This letter is addressed to Stanford Professor of Public Economics Raj Chetty.

Dear Prof. Chetty,

According to the US Dept. of Transportation’s “Smart City Challenge” notice of funding opportunity, Section 6. of our Vision Narrative needs to “identify and rate key technical, policy, and institutional risks associated with the deployment vision and discuss plans for mitigating those risks.”

Oakland and other mid-size American cities need to have a better understanding of the liability and financial risks associated SCIoT. At the very least, we need to be able to respond to concerns like the ones raised in a recent SFChronicle article entitled, “Self-driving cars to drain millions from city, state coffers”.

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