A “P3” Manifesto

Public/private partnerships (PPPs) are the vehicle of choice to plan and execute many development projects that neither private nor public sector participants could perform on their own. Despite the popularity of PPPs, also known by the emerging moniker “P3s,” research and practice have shown that few professionals have mastered the art of designing them, and many business and government leaders are mystified by the complexities of implementing them. Consequently, myths about these partnerships abound and critical community needs remain unmet.

We acknowledge our bias to favor PPPs, which is built on three personal beliefs: that business is the main engine for growth and wealth creation in a market economy; that government has an essential role in ensuring legitimacy, individual opportunity, and fairness; and that the partnerships are potent vehicles for bringing the best of both sectors —public and private—to bear on the most challenging problems.

Urban Land

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