P3: Striking a Balance Between Bottom Lines and Community Values

Sara Herald participated in CREW Miami's panel discussion on Public-Private Partnerships in South Florida during their March Luncheon. The panel discussion focused on P3s from municipal, legal, and financial perspectives, and discussed the challenges and rewards in public-private investment.

A Public-Private Partnership (P3) is an agreement between a government entity and a private partner to provide a public service or develop a public facility in a manner that divides the risks, rewards, and responsibilities between the public and private sectors. Local, state, and federal governments are among South Florida’s largest land owners and opportunities often arise for public entities to collaborate with private enterprise through P3s to help improve under-used real estate, resolve public infrastructure challenges and stimulate job growth.