Public Private Development

3 Credits · Level: Graduate

This course explores the growing and varied practice of public private development, discussing the mechanisms for control and financing, and the political environment for such developments, The course considers the perspectives and trade-offs between public benefits and costs, stakeholder involvement, and the developer’s and public’s return on investment. The course will examine methods used to encourage growth, such as development on public land, zoning, public investment and tax incentives, and the entitlement processes. The value of public benefits including job creation, affordable housing, public infrastructure, historic preservation and community facilities will be analyzed by utilizing fiscal and economic impact analyses. In addition, an in-depth understanding of public incentives will be analyzed using proforma modeling. A number of case studies of both large and small projects will be utilized to illustrate the potential and risks of such public private development projects.