How Public-Private Partnerships Make a City

“The motivations for the public sector and the private sector are different; but if you can put forward that unifying vision, or that idea that people can rally around, that’s usually the vacuum.”

According to Lakey Boyd, Founding Principal of Re:Posit Strategies, the primary goal of a good public-private partnership is for cities to procure as limited funding as possible to leverage maximum private investment over a longer term. Based in Birmingham, Alabama, Lakey helps us understand the crucial elements for these types of partnerships: well-structured deals, exhaustive communication and vision-casting leadership. Using places like Decatur, Georgia and Chattanooga, Tennessee as example cities, we learn about how leaders better understand stakeholder motivations and satisfy self-interests for the benefit of the greater community.

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