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Planning for Higher Education Journal

Published
April 1, 2017

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P4: The Role of Planning in Successful Public-Private Partnerships (P3s)

Adding That Critical P to Your Process

By: D. Keith Storms, Scott E. Miller, Kenneth B. Hall

Before your institution decides to pursue a P3, make sure you’ve considered the fourth P—Planning—and how the P3 aligns (or doesn’t) with your campus master plan.

From Volume 45 Number 3 | April–June 2017

Abstract: Public-private partnerships—in which public and private sector entities partner to deliver a service or facility for the use of the general public—are spreading in the United States and elsewhere as cash-strapped public entities seek investment funds from private sources. However, it is important not to let immediate challenges and opportunities cause one to lose sight of long-term obligations. In this article, we underscore the importance of taking the long view and share lessons learned regarding finance, planning, and negotiation at institutions that have employed the P3 process. We also offer additional best practices regarding campus master planning to ensure a successful P3 process while maintaining the long-term integrity of the campus.

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