Government

Question 1

Growing present of public private partnerships

Answer 1

increasing costs, decreased public appetite for subsidies

Question 2

Different value systems

Answer 2

public, social intangible benefits; private, financial returns

Question 3

Different constraints

Answer 3

public investment in private economy, governments give land to promote private development, priming the pump

Question 4

Incentives for private to work with public

Answer 4

access to land, low cost development capital, zoning and permits, tax incentives

Question 5

Incentives for public to work with private

Answer 5

management expertise, reduced labour costs, adaptability to scale of service, reduced liability risks

Question 6

Public sector leasing

Answer 6

typically public entity owns facility and leases to private party - buy out clauses, conditions

Question 7

Leaseback arrangements

Answer 7

public leases back from commercial sector, can access equipment and facilities with out upfront $$, construction born by private sector

Question 8

Public sector takeovers

Answer 8

public takes over private facility, justifiable where the asset would otherwise disappear or sport and rec opportunities not provided elsewhere in the community, can allow public purchase of asset at greatly reduced prices

Question 9

Private sector takeovers

Answer 9

allows public to pass on burden of operations (Skydome)

Question 10

Private sector pump-priming

Answer 10

developer encourages public expenditure so that facility drives up demand and property values, gets rid of tax burden on land, increase in other development and public gets free land to build course, may make project financially sustainable

Question 11

Salt Lake winter games

Answer 11

in exchange for 386 acres, an access road was built to the Park that was accessed through 750 acres of developer’s land; agency also paid for power, water, sewer to 700 new residences and Park

Question 12

Expansion of existing public facilities

Answer 12

private business invests $$ for renovations, improvements or expansion; must ensure that construction is up to agency standards

Question 13

Multiparty arrangements

Answer 13

quasi-govt agency created to govern partnership, usually a special authority or commission