What are they?

Vehicles for the pursuit of any enterprise through collaboration between public or institutional entities and private sector interests
 

Uses of PPP’s

Prosecute ventures of mutual interest in various fields.  Many uses, including real estate and economic development, commercialization of institutional research product, university housing for students and faculty, etc. 

Benefits

Through a collaborative venture, leverages the investments and resources of public or academic entities with pools of private sector expertise and capital
 

Principals

Government, Educational and Research Institutions, Private Sector Companies and Capital Sources
 

Issues

Concerns that arise with the use of PPP’s include:
 

¨         Control of the venture and its assets

¨         Mixed Missions

¨         Financing / default provisions on public & private financing

¨         Roles and responsibilities

¨         Capital and operating contributions

¨         Risks and rewards sharing

¨         Long term durability

¨         Management structures

¨         Land & infrastructure valuation models

¨         Buyout provisions & sale of private assets

¨         Exit strategies and tools

¨         Damage control provisions