A resident of FL, Evan Seiden has been working in the field of real estate investing for over 15 years. The former manager of real estate investment at Lone Star Funds, is now the CEO of Relentless Capital, LLC. Focused largely on investing in off-market properties, Evan Seiden of FL is one of the largest operators of institutional quality truck parking facilities, an issue that is often ignored when infrastructure spending bills are proposed by the government
In Washington, DC, Democrats and Republicans are arguing over spending goals for the American Jobs Plan proposed by President Joe Biden. While Republicans have largely focused on road and bridge spending, the White House wants a bill that provides funding for waterways, rural broadband, and climate change matters. However, this debate hasn’t stopped the progress of other bills, like the new surface transportation law that was released by the Senate Environment and Public Works Committee (EPW) in May 2021.
This new transportation law would replace the existing law after it expires in September. Exceeding the 2015 FAST Act by 34 percent, it is worth $303.5 billion and is a key part of the foundation for the American Jobs Plan.
Receiving bipartisan support, the new bill demonstrates that Republicans also want climate change funds implemented into new transportation bills, as evidenced by the inclusion of funding for pedestrian and bicycle infrastructure. A portion of the new bill draft also recommends funding projects that reduce truck emissions at port facilities and promotes both alternative fueling and charging infrastructures.
Unfortunately, while the bill focuses on providing money for roadway maintenance, it does not address the building of safe truck parking. The Owner-Operator Independent Drivers Association noted that this lack of parking is a top safety concern for truck drivers, and has been working on addressing the truck parking crisis for years.
Evan Seiden 