Public/private partnerships (PPP) are “creative alliances” formed between a government entity and private developers to achieve a common purpose. The three uses of PPP’s include:
- Facilitating Development of a Real Estate Asset or Community Area
- Developing Critical Infrastructure
- Monetizing Public Assets for Public Benefit
About the Report
In a time of diminished resources, the public sector is facing new challenges – ranging from meeting the needs of aging baby boomers and the massive millennial generation to coping with a national infrastructure deficit to fostering economic competitiveness. Addressing these challenges requires a collaborative effort by the public and private sectors to use the skills and resources of each to shape and carry out developments that respond to these challenges. As a result, public private partnerships (PPPs) in development, infrastructure, and public facilities are ever more essential.
About the Public/Private Partnership Council
The mission of the Public/Private Partnership Council (PPPC) is to develop, refine, and disseminate best practices for effective real estate public/private partnerships. The Council is a vibrant community of practitioners who learn from one another through hands-on examination of projects, discussion and debate of emerging industry trends,and the development of resources to improve outcomes for both the public and private sectors. The Council offers members the opportunity to examine completed projects in the cities where it meets through first-hand review of sites and presentations by the public/private development teams that made them happen. All property types are considered by the Council, as long as they have a tangible development and investment component from public and private sources.