INGLEWOOD'S UNIQUE PUBLIC-PRIVATE PARTNERSHIP

A global recession and a widespread weak economy in the last several years have diluted the financial muscles of almost everyone, including the general public, as well as public and private corporations. The Federal Government and many state governments have had a difficult time cutting costs and maintaining services. Local governments, such as counties and cities, have had their share of the financial worries. Reduced revenues from sales tax and lower property taxes resulting from a continued slump in the real estate prices have altered budgets for many cities. Even in such a gloomy state of the economy, the City of Inglewood continued to look for innovative ideas in order to provide its residents with some additional services. Although the City staff had numerous ideas of some worthy projects and valuable services, there were several obstacles including the funding. Naturally, the idea of a public-private partnership surfaced as a viable alternative. This paper focuses on a successful partnership between the City and its five major private organizations. Although the partnership has implemented several programs successfully, the paper discusses six transportation related programs only. Inglewood's successful partnership with its private entities shows how cities can stretch their tax dollars and provide valuable services without over stretching their resources.

Language

  • English

Media Info

  • Pagination: n.p.

Subject/Index Terms

Filing Info

  • Accession Number: 00741535
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Sep 8 1997 12:00AM