We have heard a lot recently about public-private partnerships, most notably in the debate over the redevelopment agreement between Jacksonville and the Jaguars to develop Lot J. Broadly speaking, public-private partnerships or PPPs are collaborations between the public and private sectors to facilitate development projects and build public facilities and infrastructure.
A few years ago, the Urban Land Institute North Florida convened experts to discuss and offer insights about factors that can produce a successful real estate PPP. A few salient guidelines merit consideration as PPPs are used more frequently in Northeast Florida to spur new development and redevelopment and to allocate the risks and benefits of new projects.