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Creating Place through Creative Partnerships – Urban Land

A meaningful amount of usable outdoor public space is critical for the viability of any community, whether it is an urban metropolis or a suburban hamlet. However, the development of such places—and the maintenance and operations needed to ensure their long-term upkeep—requires a significant amount of capital. This capital frequently cannot be obtained simply from local tax revenue. As the national economy has continued to struggle, funding for the development and upkeep of outdoor public amenities has largely dried up. This financial climate underscores the increasingly pertinent need for communities to use innovative financing mechanisms, particularly through public/private partnerships, in order to remain competitive and ensure their residents a high standard of living. 

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Posted in: Uncategorized | By: Mandy