Public-Private Partnerships Unlock Funding for Cities Without Sacrificing Control
The article introduces a new way for public agencies to partner with private companies to benefit financially without losing control of their facilities. Successful examples include Chicago's partnership in operating parking garages. Public-private partnerships can help agencies secure funding while still managing their assets for the benefit of users. Guidelines suggest focusing on user-paid services like parking and transportation, and not core mission functions. Partnerships should consider the interests of the institution's users and allow for control during renovations or expansions.