P3 Partnerships

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  • 1. P3 Partnerships What are the Benefits to the Public Sector? Direct Impacts­        Tangible ­            ­Sales Tax             ­Property Tax             ­Fees             ­Jobs              ­Other (Venue Tax, Rent, etc.)       Intangible ­             ­Fills Identified Need in the Community Indirect Impacts­       ­Community Amenity        ­Quality of Life Enhancement        ­Activity Center        ­Inducement to Surrounding Development        ­Maintains Communitys Competitive Position in Market Place 
  • 2.   What Public Sector should NOT Consider PPPs? Any Public Sector entity that:        ­Has NOT Defined its objectives        ­Is NOT willing to invest the time, resources and political capital to see the project through to completion        ­Wants a quick solution or panacea What should the Private Sector avoid? Any project where there is:        ­A lack of trust between the parties        ­Significant political turmoil        ­Hidden Agendas        ­Unwillingness of either party to focus on end goal and solutions and rather focus on issues and problems        ­Lack of political will        ­Unreasonable expectations    
  • 3.   Six Keys to Successful PPPs‐  ­ Statutory and Political Environment  ­Public Sectors Organized Structure  ­Detailed Business Plan (Contract)  ­Guaranteed Revenue Stream  ­Stakeholder Support  ­Pick Your Partner Carefully