Planning for Higher Education Journal

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

Adding That Critical P to Your Process
Journal Cover
From Volume 45 Number 3 | April–June 2017
By D. Keith Storms, Scott E. Miller, Kenneth B. Hall
Planning Types: Campus Planning

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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