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Philadelphia recently installed two Portland Loos: modular, stand-alone public restrooms first commissioned by Portland, Oregon. The single-stall metal structures are easy to keep clean and feature rounded walls to deter graffiti and walls that are louvered at the top and bottom to deter mischief inside stalls. However, despite these supposed benefits, cities regularly spend absurd amounts of taxpayer funds to purchase and install the bathrooms.

Philly plans to install six Loos over the next five years as part of the city’s public restroom pilot, which Philadelphia Health and Human Services launched in January 2021. The city has budgeted $1.8 million for six units, or $300,000 per unit, including installation costs.

According to a Portland Loo spokesperson who spoke with Reason, the total cost is around $200,000: up to $155,000 for the unit, including shipping, and between $30,000 and $80,000 for installation. Maintenance is about $14,000 annually. (Photos: Portland.gov) $140,000
Portland, Oregon for the original 2008 ? $330,000
Dayton, Ohio for two units $97,000
San Antonio, Texas for one unit $290,000
Charleston, South Carolina for one unit $320,000
Cambridge, Massachusetts for one unit

“We had one restroom near a kid’s soccer fielda traditional brick and mortar….Unfortunately, the reality is people will spread feces all over the walls. It happened so often…just way too often. Because it’s a brick and mortar, you can never clean that off.”

Ventura, California, Parks and Recreation Director Nancy O’Connor in a statement to The Philadelphia Citizen

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BIS taps IMF digital money chief and CBDC backer as new head of Innovation Hub

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BIS taps IMF digital money chief and CBDC backer as new head of Innovation Hub

The Bank for International Settlements (BIS) has appointed Tommaso Mancini-Griffoli, one of the world’s most influential economists on digital money, as the next head of the BIS Innovation Hub, effective March 2026.

The BIS said Tuesday that Mancini-Griffoli will “lead work to explore technological solutions within the central bank community on innovation.” His mandate is expected to include ongoing work on central bank digital currencies (CBDCs), tokenized assets and new forms of market infrastructure.

Mancini-Griffoli currently serves as the assistant director in the International Monetary Fund’s Monetary and Capital Markets Department, where he leads work on payments and currencies. He’s one of the IMF’s most prominent voices advocating for regulated and publicly backed digital money models and has previously warned about the risks of unregulated stablecoins. 

The appointment comes as the BIS Innovation Hub ramps up major projects, expanding its influence across its global centers. The Hub has become a venue for testing blockchain-inspired settlement systems and digital currency prototypes. 

For the crypto space, the move signals that the BIS may steer digital asset innovation toward regulated tokenized money, a direction that could shape how central banks assess private blockchain infrastructure and stablecoins.