Public-Private Partnerships in Urban Development in the United States



26

quasi-public corporation may issue revenue bonds in order to finance the project. The
development corporation, however, may be dissolve after the project is finished.

To conclude, examples of formal intersectoral relationships can virtually be found in every
US-American city. Contractual relationships may take various forms and may be differently
institutionalized. In fact, many different formal partnerships have been developed in the US
due to a diversity in partnership contracts and institutions. Redevelopment agencies and
development corporations are unquestionable opposite to traditional public agencies. The
separation of public administration and independent agencies is extremely strong when deal-
driven or project-driven development corporations are formed.

C. Partnership activities

Public-private partnerships provide a means for reducing uncertainty through negotiations and
contractual arrangements. Moreover, collaborative approaches may achieve greater efficiency
in the use of public and private resources. Public-private partnerships are primarily a financial
tool for urban development. In fact, public-private partnerships have contributed to financial
innovations by tailoring complex financial packages.

City governments have many powers that can be used to support development: (1) provision
of financial aid, (2) powers of taxation including the ability to abate taxes, regulations, and
zoning, (3) power of eminent domain, and (4) employment of tax-increment financing.
Different types of partnership activities are best described by Hamlin and Lyons (Hamlin, R.
E.; Lyons, T. S., 1996:37-76) and the CUED (CUED, 1978:197-199). Summarizing both
analyses result in the following set of intersectoral activities and incentives for collaboration.

Figure 3: Partnership activities

Types of activities

Specific Intersectoral activities

financial

debt capital such as loan guarantees, front-end
capital, (low-interest) loans, TIF, bond issues
(revenue bonds), grants; secured debt (from
financial lending institutions); federal funds
(CDBG- funds); tax incentives including
exemptions and abatements; interest
subsidies; equity financing including seed
equity; land write-downs; leases; publicly-
financed construction such as parking
garages, industrial parks, rehabilitation of
structures; direct subsidies

not-primarily financial

land acquisition and assemblage (land
management); public improvements; public
sector provision of utilities and infrastructure;

Air Rights and TDR; political
acknowledgment through highly visible
development projects



More intriguing information

1. Non-causality in Bivariate Binary Panel Data
2. Declining Discount Rates: Evidence from the UK
3. The name is absent
4. Fiscal Policy Rules in Practice
5. Expectation Formation and Endogenous Fluctuations in Aggregate Demand
6. Linking Indigenous Social Capital to a Global Economy
7. Sector Switching: An Unexplored Dimension of Firm Dynamics in Developing Countries
8. The name is absent
9. The name is absent
10. The name is absent