SPECTRUM OF THOUGHT
There's a supply and demand imbalance. And it's not with CRE. We were delighted to welcome FCC Chairman Julius Genachowski during this morning's Bisnow Tech event ?The Future of Mobile? at the DC Renaissance hotel. Julius (here with moderator Ross Buntrock of law firm Arent Fox) says demand for spectrum is increasing exponentially, sometimes 3,500% a year, with only a flat supply; he proposes an auction of spectrum released by existing owners in return for a share of the profit.
|Julius, center, smiled for our camera with former FCC Chairman Dick Wiley (who despite his youth served in that role under Presidents Nixon, Ford, and Carter, which as we recall was even before phones had been invented), and former US Senator from North Dakota Byron Dorgan. All the panelists say that communication in this era is virtually the future of civilization.|