American Model

Public-Private Partnerships Public Development Private Development Public-Private Partnerships PrivatizationSubsidization

American Model

Design Phase Architect & Engineer General Contractor- Construction Manager Public Agency Sub-contractors Developer Special Purpose Entity The American Model Development Team at risk, Public Agency stays connected to fully collaborative process

Delivery Phase Architect & Engineer General Contractor- Construction Manager Public Agency Sub-contractors Developer Special Purpose Entity Lease The American Model Development Team at risk, Public Agency stays connected to fully collaborative process

Operations Phase Private Property Management on 3-5 year contracts with performance-based renewal Public Agency Special Purpose Not-for-Profit Lease The American Model Property Manager handled by a series of 3-5 year management agreements. Capital repairs funded by Repair & Replacement Reserve.

Two Approaches Public-Private Partnerships: Two approaches to consider that capture the best of public and private development (c)(3) Public sector financing (tax exempt rates) Private sector development (knowledge and experience) The American Model

Key Players Management Contract Bond Proceeds Development Agreement Title to Improvements Ground Lease $Bonds Not for Profit Bond Trustee Public Agency Facility Manager Underwriter Construction Payments Bond Repayment Use Agreement Developer Architect General Contractor Development Team Bond Investors

Contact John Finke Senior Director & P3 Team Leader National Development Council (206)