Newsletter
Newsletter
06.23.11
Welcome to the Summer 2011 edition of Pillsbury’s Perspectives on Real Estate. We decided to focus this edition on public-private partnerships (PPPs) because so many of our clients are involved in these ventures. Typically, PPPs are partnerships between a governmental entity and one or more private parties, specially created to design, build, operate and maintain public projects—such as roads, power plants, hospitals or schools—or some combination of these activities. PPPs also may be viewed in a broader context, to include such things as affordable housing projects (where tax credits make the projects economically feasible) or urban infill projects made possible because of tax increment financing and other financial support from local redevelopment agencies.
True PPPs—used for many years in other countries—are becoming more popular in the United States. In the current economy, as governmental entities look for creative and cost-effective ways to get necessary projects built, partnering with private developers is one way to help public agencies achieve these goals. Likewise, developers are looking for non-traditional sources of capital to fund development and for the constant income stream generated from providing services for public entities.
Articles include:
Edited by: Laura Hannusch, Peter Freeman, Michael Silver and Noa Clark
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Download: Perspectives on Real Estate