P3 partnerships can provide benefits to the public sector. Direct benefits include increased tax revenue from sales, property, fees, and jobs. Indirect benefits are community amenities, improved quality of life, activity centers, and induced surrounding development. The public sector should avoid PPPs if objectives are undefined, unwilling to invest time and resources to completion, or wanting a quick solution. The private sector should avoid PPPs where there is a lack of trust, significant political turmoil, hidden agendas, unwillingness to focus on goals over issues, lack of political will, or unreasonable expectations. Six keys to successful PPPs are a supportive statutory and political environment, an organized public sector structure, a

1. P3 Partnerships
What are the Benefits to the Public Sector?
Direct Impacts­
Tangible ­
­Sales Tax
­Property Tax
­Fees
­Jobs
­Other (Venue Tax, Rent, etc.)
Intangible ­
­Fills Identified Need in the Community
Indirect Impacts­
­Community Amenity
­Quality of Life Enhancement
­Activity Center
­Inducement to Surrounding Development
­Maintains Community's Competitive Position in Market Place

2.
What Public Sector should NOT Consider PPPs?
Any Public Sector entity that:
­Has NOT Defined its objectives
­Is NOT willing to invest the time, resources and political capital to see the project through to completion
­Wants a quick solution or panacea
What should the Private Sector avoid?
Any project where there is:
­A lack of trust between the parties
­Significant political turmoil
­Hidden Agendas
­Unwillingness of either party to focus on end goal and solutions and rather focus on issues and problems
­Lack of political will
­Unreasonable expectations

3.
Six Keys to Successful PPPs‐
­
Statutory and Political Environment
­Public Sector's Organized Structure
­Detailed Business Plan (Contract)
­Guaranteed Revenue Stream
­Stakeholder Support
­Pick Your Partner Carefully