government - public private partnership

Question 1

public value system

Answer 1

looking for social and intangible benefits

Question 2

private value system

Answer 2

looking for financial returns

Question 3

public constraints

Answer 3

1. bureaucracy
2. accountability
3. transparency = slower process

Question 4

public constraints

Answer 4

1. entrepreneurial
2. confidential
3. fast acting

Question 5

other constraints

Answer 5

1. public investment in private economy
2. government gives land to promote private development
3. priming the pump

Question 6

incentives for private sector to work with the public

Answer 6

1. Access to land: Land owned by government and the ability to acquire land
2. Low-cost development capital: Public can borrow money at a much lower interest rate
3. Zoning and permits: Can expedite the process
4. Tax incentives: Low or no property tax payments.

Question 7

incentives for public to work with private

Answer 7

1. Management expertise: Technical expertise, marketing,
2. Reduced labour costs: Often not unionized like city employees, offer less fringe benefits
3. Adaptability to scale of service: Can access large numbers of part time employees for short periods, purchase equipment less expensively due to economies of scale
4. Reduced liability risks: Transfer liability risks to private entity

Question 8

public sector leasing

Answer 8

public entity owns facility and leases to private party

• buyout clauses
• conditions

Question 9

leaseback arrangement

Answer 9

1. public leases back from commercial sector

2. has access to equipment and facilities without upfront fees

Question 10

public sector takeovers

Answer 10

1. public takes over private facility
2. justifies where the assists would otherwise disappear or sport and rec opportunities are not provided
3. can allow public purchase of assets at reduced price

Question 11

private sector pump-priming

Answer 11

1. developer encourages public expenditure so facility drives up demand and property value
2. developer gets rid of tax burden on land = increase other development
3. public gets free land to build course

Question 12

expansion of existing public facilities

Answer 12

1. private business invests funds for renovations, improvements or expansion
2. must ensure the construction is up to agency standard

Question 13

multiparty arrangement

Answer 13

1. Quasi- government agency created to govern partnership

2. usually special authority or commission