The Challenge of Public Private Partnerships between Real Estate Developers and Smaller Jurisdictions Building Passenger Rail

Many rail projects need Public Private Partnerships (PPP) for funding. These partnerships are becoming commonplace among rail projects in urban centers. Consequently, developers and public agencies have developed staff, resources, and expertise to work together to facilitate the process. For smaller jurisdictions away from the urban center PPP with real estate developers is less common. This paper reviews four broad challenges to PPP involving real estate developers and smaller jurisdictions, and discusses the means to overcome these challenges. The four challenges are: (1) identifying and nurturing partnerships; (2) the potential clash of different organization cultures; (3) perceived favoritism; and (4) the fourth challenge, and the key to success, is long term commitment.

Language

  • English

Media Info

  • Media Type: CD-ROM
  • Pagination: 6p
  • Monograph Title: Rail Conference 2009 Proceedings

Subject/Index Terms

Filing Info

  • Accession Number: 01157838
  • Record Type: Publication
  • Files: TRIS
  • Created Date: May 2 2010 11:57AM