"There's a whole capital piece to the TEP that's been missing the whole time," Tom Radulovich, executive director of Livable City and a member of the TEP's policy advisory board, told us. "Without this capital element, TEP won't happen."
Many of the proposals could be covered by reallocating operational costs, yet some expensive projects remain without a clear source of financing. Despite the price tag, Radulovich said ambitious investments now could more than pay for themselves in the long run: "If you're smart about how you spend money, you can use capital money to save money in operating costs down the line."
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