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Watch Loop Capital's Jim Reynolds on Infrastructure Investment - Bloomberg

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00:00IN USING PRIVATE MONEY TO COMPLETE INFRASTRUCTURE PROJECTS. >> STATE AND LOCAL GOVERNMENTS ARE STARTING TO REEVALUATE WHAT THEIR ROLE IS. IS IT THE ROLE OF THE STATE AND LOCAL GOVERNMENT TO OWN EVERY BUILDING THAT THEY HAVE OFFICES IN? EVERY PARKING LOT DOWNTOWN? ALL THE ROADS? THE BRIDGES? THE AIRPORTS? THE TERMINALS? OR IS IT THEIR FUNCTION TO PROVIDE THEIR CITIZENS WITH POLICE, FIRE, SCHOOLS, SAFETY, PUBLIC PARKS. WHY IS IT THAT STATE AND LOCAL GOVERNMENTS NEED TO OWN ALL OF THESE THINGS? ONE OF THE THINGS THAT MAGIC JOHNSON AND I SAW WHEN WE LOOK AT THE INFRASTRUCTURE SPACE, THE GROWTH IN THIS SPACE, BUT ALSO THE COMFORT LEVEL THAT WE STARTED TO SEE NOW WITH MANY OF THE PROJECTS THAT HAVE BEEN DONE. IN 2016 WE -- YEAR TO DATE, WE MORE THAN DOUBLED WHAT WAS DONE ALL OF LAST YEAR. PROBABLY TRIPLE. NOW WE ARE SEEING STATES APPROVED LEGISLATION FOR INFRASTRUCTURE PROJECTS. IT IS A SUBJECT THAT IS NOT POLITICAL, NOT DEMOCRAT, NOT REPUBLICAN, IT IS THE BASIC NEEDS OF THE CITIZENRY. THEY ARE BEGINNING TO FEEL COMFORTABLE WITH PRIVATE INVESTMENT. THEY ARE STARTING TO SEE ACTUAL PRIVATE INVESTMENT FOR THE PUBLIC. IT CAN BE A VERY GOOD THING. I DON'T KNOW HOW MANY OF YOU HAVE BEEN TO -- IF YOU HAVE INTO HEATHROW AIRPORT IN LONDON, RACE OR HAND. HEATHROW AIRPORT. IF YOU BEEN TO LAGUARDIA, RACE OR HAND. -- RAISE YOUR HAND. YOU NOTICE THE DIFFERENCE IMMEDIATELY BETWEEN HEATHROW AND LAGUARDIA. HEATHROW IS PRIVATE, PRIVATE CAPITAL, PRIVATE INVESTMENT. IT IS THEY ARE TO CREATE A

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Loop Capital's Jim Reynolds on Infrastructure Investment

President Trump has put together his infrastructure commission to look at how to accelerate building in the U.S. Jim Reynolds, chairman and chief executive officer at Loop Capital has put together an infrastructure investment company with Magic Johnson and are pledging to spend billions on U.S. roads, airports and bridges. (Source: Bloomberg)