P3World Real Estate

The city that gathered private money to supplement government funds for projects such as The RiverCenter for the Performing Arts, Columbus State University and Cooper Creek Tennis Center is about to be asked to share its generosity to replace the deteriorating 45-year-old Bull Creek Golf Course clubhouse.

There is now the potential for 200 or more units of housing to be created in conjunction with the U.S. 50 South Shore Community Revitalization Project, according to Tahoe Transportation District (TTD) officials.

U.S. Department of Housing and Urban Development Secretary Ben Carson continued his visit to Miami Thursday. Carson is on what he calls a cross-country "listening tour" learning about the projects HUD and other housing organizations fund.

Stiff competition among companies bidding for infrastructure projects in the US has pushed China's biggest engineering and construction companies operating in the country into real estate and other forms of investment.

Ten years ago, the Urban Land Institute published Ten Principles for Successful Public/Private Partnerships. That publication set forth core principles essential for successful accomplishment of joint development by the public and private sectors, benefiting both, that neither could achieve independently. Those ten principles remain as applicable today as they were then, but the challenges facing urban development have changed dramatically.

The city of McKinney, the McKinney Economic Development Corp. and the McKinney Community Development Corp. have been working for over a decade to develop the Gateway property-located near the intersection of SH 121 and US 75-into the grand entrance of the city, complete with a mix of hotels, retail, restaurants, entertainment and residential developments.

In mid-September, Mayor Elliott and Jake Dougherty, Executive Director of Wheeling National Heritage Area Corporation (WNHAC), traveled to Greenville for a full itinerary, including tours and meetings with Knox White, Mayor of Greenville; Nancy Whitworth, Economic Development Director; Gaye Sprague, Councilwoman; Tripp Muldrow, consultant and former Greenville Planning Commissioner; and Curtis Brison, Wheeling native and Greenville resident.

The long-awaited East Liberty Transit Center was officially opened this week, with politicians and local leaders heralding the neighborhood's revitalization, but with an eye toward making sure long-time residents aren't pushed out in the process. The $150 million, six-acre development relied on nearly two dozen funding sources, including a $15 million TIGER (Transportation Investment Generating Economic Recovery) grant from the U.S.

In 2005, real estate markets were booming and provided numerous examples of successful public/private partnerships (PPPs), many of them involving the use of public redevelopment authority and tax increment financing. In 2004 alone, $75 billion was spent nationally through PPPs on economic development and urban renewal projects.

American cities seeking to reinvent themselves can do so by using creative financing, among other tools, according to a panel of experts at the 2016 ULI Spring Meeting in Philadelphia. The panel also served as the launch event for the new ULI publication Reaching for the Future: Creative Finance for Smaller Communities.

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