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Overview of PPP for Recreation/Sports Centers
According to "Ten Principles for Successful Public-Private Partnerships",
prepared by the Urban Land Institute, Washington, DC -
"Today, public/private partnerships are considered 'creative alliances' formed between
a government entity and private developers to achieve a common purpose."
"In 2004, $75 billion was spent by public/private partnerships on economic development
and urban renewal projects, indicating that the market and the public sector increasingly
support this investment approach."
"By far the fastest-growing arena for the use of public/private partnerships is
urban economic development".
Ten Principles for Successful Public/Private Partnerships
- Prepare Properly for Public/Private Partnerships
- Create a Shared Vision
- Understand Your Partners and Key Players
- Be Clear on the Risks and Rewards for All Parties
- Establish a Clear and Rational Decision-Making Process
- Make Sure All Parties Do Their Homework
- Secure Consistent and Coordinated Leadership
- Communicate Early and Often
- Negotiate a Fair Deal Structure
- Build Trust as a Core Value
Another Expert says -
"...well-developed community spirit and entertainment opportunities were the
'greatest lures' for businesses." (Excerpt from "Parks and Economic Development"
by John Crompton, Distinguished Professor of Recreation, Park and Tourism Sciences
at Texas A&M University)
"...provide sites for sports tournaments, which can be major sources of tourism
and economic benefits, especially for smaller cities." (Excerpt from "City Parks
Forum Briefing Papers" by the American Planning Association, written by John Crompton
Distinguished Professor of Recreation, Park and Tourism Sciences at Texas A&M University)
How cities use parks to promote tourism
- Parks provide sites for special events and festivals that attract tourists.
- Parks provide sites for sports tournaments, which can be major sources of tourism and economic benefits, especially for smaller cities.
- Large urban parks with zoos, memorials, museums, cultural and heritage artifacts, and historical sites can attract tourists.
- Parks with landscape planting and design that are recognized as ³living works of art² can be tourist attractions.
ASC is creating public-private partnerships with our government partners to achieve common
goals. The outcome of these partnerships are world-class indoor recreation facilities catering
to not only local families but also attracting many thousands of people from out of the area,
creating significant economic impact for our partners.
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