Facing reduced tax revenues, an economy still recovering from the global pandemic and fears about a looming recession, many public agencies are looking for creative ways to secure budgets for projects.
One solution receiving increased interest is public-private partnerships, or P3s, which can greatly reduce the risk – and taxpayer burden– for designing and building public facilities and large-scale public projects.
P3s are not new. In fact, according to the Association for the Improvement of…
