This week, I'm highlighting the growth of public-private partnerships in the U.S. with examples of projects providing benefits all around.
In this article is a description of a P3 between the University of Kentucky and the City of Lexington that provides innovative spaces and valuable economic activity to grow the local economy.
The P3 (public-private partnership) project is the first step in accomplishing UK’s vision of transforming this critical entrance to campus into a hub for innovation that will better serve the needs of students, faculty, staff and the community. The university anticipates that the project will anchor its programs in applied technology and creative development within a larger “innovation district,” where UK will partner with the City of Lexington to invest in the adaptive re-use and re-imagination of this historic area.
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