CONFERENCE ON TRANSPORTATION PARTNERSHIPS: IMPROVING URBAN MOBILITY THROUGH PUBLIC-PRIVATE PARTNERSHIPS, DALLAS, TEXAS, MARCH 14-15, 1984. WORKSHOP SUMMARIES: CREATIVE FINANCING MECHANISMS

The potential for public/private partnerships as an alternative to federal funding is promising. Partnerships can be viewed as negotiated agreements concerning special benefits to private businesses with the values varying; their full range is still evolving. Partnerships should be viewed as supplemental revenue sources. USDOT grants, instead of loans, have resulted in local agencies complying with grant procedures to the inhibition of private sector involvement. Local agencies are also inadequately prepared for immediate elimination of federal subsidies. Among the recommendations: A new objective of the UMTA Act should be to develop non-federal public and private sources of transit financing; encouragement of use of federal loans rather than grants; incorporation of incentives in federal subsidy strategy for more efficient local operations; moderation of labor-management provision; state legislation that encourages innovative financing techniques; retention of safe harbor leasing; recognition in federal policies that auto transportation is underpriced relative to its real resource cost; and clarification of federal policies on disposition of assets acquired with federal grants. A panel discussion on potential of benefit assessment districts included three specific examples and noted that political opposition and legal challenges may be averted by early involvement of property owners. In discussion on innovative loan instruments the following were advocated: Safe harbor leasing; grant-anticipation financing and service-contract financing. Transit agencies and board members need added information on such innovative techniques.

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  • Accession Number: 00396489
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Sep 30 1988 12:00AM