This announcement caught my eye of a more 'classic' public-private partnership than others I've been highlighting this week.
The state and local governments, along with the University of Michigan and numerous private-sector organizations, are cooperating to open up a research center, which will create new jobs and economic activity. But, in my eyes, the kicker is that the entire development will be multi-use - residential, commercial and retail.
So, while the research center is certainly the centerpiece, the forward-thinking part of this plan is the overall economic impact it will have on downtown Detroit, creating the 'virtuous cycle' of positive economic activity that P3s can support.
The research building is expected to eventually serve 1,000 graduate and senior-level undergraduate students pursuing advanced degrees in a range of high-tech innovation disciplines, including mobility, artificial intelligence, data science, entrepreneurship, sustainability, cybersecurity and financial technology.