President Greg Ross in Sun Sentinel 100

Last week: At a recent Broward League of Cities workshop, elected officials discussed the benefits of public-private partnerships (P3s). P3s provide a procurement process where private investors finance and maintain public facilities or infrastructure, which they lease back to the government. At the end of the lease, the asset reverts back to government control. Interest in P3s is increasing because they can save money for municipalities, which traditionally hire the contractor and provide the financing. Sharing goals, resources, risks and benefits through P3s have proven to be highly effective in ensuring projects come in on time and on budget. Read

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