PERLS105 Lecture Notes - Lecture 3: Private Equity, Leaseback, Opportunity Cost

• School: University of Alberta
• Department: Physical Education, Recreation and Leisure Studies
• Course: PERLS105
• Professor: Dan Mason

Document Summary

Public private partnerships p3s (howard & crompton: growing presence of p3s increasing costs decreased public appetite for subsidies. Different constraints: public bureaucracy, accountability, transparency; slower process, private entrepreneurial, confidential, fast- acting, public investment in private economy , governments give land to promote private development , priming the pump, term that came up during the great depression. Incentives for private sector to work with public: access to land , low-cost development capital , zoning and permits, tax incentives, only pays taxes that go to pay for the school system. Public sector leasing: typically public entity owns facility and leases to private party, buyout clauses, you can cancel the lease and pay a penalty, or you can get out if the private sector is not profitable enough, conditions. Private sector takeovers: allows public to pass on burden of operations, skydome - m sold for m.