OverviewIn a time of diminished resources, the public sector is facing new challenges – ranging from meeting the needs of aging baby boomers and the massive millennial generation to coping with a national infrastructure deficit to fostering economic competitiveness. Addressing these challenges requires a collaborative effort by the public and private sectors to use the skills and resources of each to shape and carry out developments that respond to these challenges. As a result, public private partnerships (PPPs) in development, infrastructure, and public facilities are ever more essential. This book will arm public and private sector representatives with an understanding of the obstacles and opportunities inherent in PPPs, as well as provide a toolkit of best practices and lessons learned for the creation of effective PPPs. The material in this book is applicable to a wide range of communities, and is designed to help members of the public and private sectors understand each others' needs, expectations, and resources. At a time when the practice of PPPs is rapidly evolving, this reports examines many recent case studies and covers news trends, such as using PPPs to deliver infrastructure that can support future development.
Author BiographyStephen B. Friedman has more than 40 years of experience in real estate and development advisory services. He leads SB Friedman Development Advisors, a 19-member consulting firm based in Chicago that works closely with public, private, and institutional clients on innovative public/private partnerships and development strategies. The firm has served as adviser or analyst on projects that have resulted in more than 3,000 units of affordable housing and, over the past ten years, investment of $1.9 billion of public funds as part of over $5.9 billion of public/private development projects. Friedman and the firm advise on the use of numerous development finance tools, such as tax increment financing, business districts, special service areas, and New Markets Tax Credits for a wide range of projects, ranging from industrial expansions/revitalization and airport collateral development to community facilities and downtown and transit-oriented development.