Question

What is a public-private partnership in development and how does this relate to maintaining the infrastructure of municipalities?

What are the seven ways which developers can work with the community and before any planning or zoning hearings or a shovel hits the ground how can set the political stage so that your project is a mutually beneficial situation for both your firm and the community, thus avoiding lengthy litigation and permitting hearings?

Answer 1

What is a public-private partnership in development and how does this relate to maintaining the infrastructure of municipalities?

Answer- A public-private partnership (P3) is a contractual arrangement between a public agency (federal, state or local) and a private sector entity. Through this agreement, the skills and assets of each sector (public and private) are shared in delivering a service or facility for the use of the general public. In addition to the sharing of resources, each party shares in the risks and rewards potential in the delivery of the service and/or facility. In these deals there are more incentives to work with the development community.

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