While public-private partnerships (P3's) are not the answer to funding all our infrastructure needs, I believe they are a critical, and underutilized, tool.
U.S. governments have not historically used them as actively as governments outside the U.S., and I submit you can tell if you are able to travel around other parts of the world - our infrastructure is in desperate need of renovation and renewal, and other countries are getting ahead of us in this respect.
Some U.S. governments are starting to get into using this tool much more actively though. I hope to share with you this week some examples. This article describes how the City of Greeneville, SC, has been using P3's for decades to renovate their downtown, and it's widely believed to have been very beneficial to everyone.
"The way we look at it,” Hirsch says, “is the City and the private sector are rebuilding downtown and our city together. We’re not doing it alone and the private sector needs the city and the city needs the private sector. So there are a lot of benefits.”