Public Private Partnerships: Why and How
Understanding potential deals through the public officials' eyes and how to access the tools available are key pre-requisites to meeting the self-interests of both the public and private sides in a development deal. This webinar will give you the understanding and competencies to engage productively in that conversation.
Revitalization projects to convert obsolete or underutilized land to more productive uses are typically economically and physically complex. This complexity exposes the private developer to a significantly higher risk of financial loss during the entitlement and pre-development processes. This higher risk can make private developers increasingly reluctant to move forward with sites that involve community controversy, assembly, or reconfiguration. Over the past 15 years, public-private partnerships have emerged as an effective means for addressing these challenges while capturing critically important public benefits.
Nevertheless, opportunities for effective and productive public-private partnerships are frequently missed. As the competency for formulating public-private partnerships is still evolving, these deals can often be poorly structured and executed. Many public agencies still have a weak understanding of the private real estate process and its economics, resulting in unrealistic or constraint-driven deal-making. Similarly, the private sector frequently misses opportunities because it is unfamiliar with the tools, fails to understand the motives of a public agency, and is frustrated with what it considers a bewildering, time-consuming decision-making process.
This program will describe why public-private partnerships are so critical to successful development today by providing several case study examples illustrating different aspects of the practice. The webinar materials will include a download of background material and models that provide a perspective on how you can pursue opportunities for these transactions in the real world regardless of whether you approach these from the public or private sector perspective.
The webinar will also address the seven public private partnership tools and how to use them. These tools are:
March 26, 2014 1:30 PM Eastern
You must be logged in to access ULI Subscriptions.
To continue, you need to log in to Peach New Media. If you have any questions about your account please contact us at 1-866-702-3278.
Public Member: $100.00
Public Nonmember: $135.00
Full Price: $165.00