How Does The PPEA Benefit The Public Entity?
With innovation, efficiency and unique financing opportunities available to the private sector, a public body can now partner with the private sector to construct a much-needed facility more quickly and at a potentially lower cost. Innovative Financing – The private sector partner may offer financing alternatives that are not otherwise available to the public entity. The financing alternatives may involve user fees, service fees, fees and payments from third parties, lease payments and other financing structures not used typically by public entities. For a city or town, financings may be arranged that would not affect its legal debt capacity. For a county, financings may be arranged that would not require a costly and time-consuming public referendum. Fewer Costs – The PPEA relieves the public body from expending time and money for designing and planning a new facility. Under the PPEA, the private sector develops the plans and bears the costs of designing a new public facility and then
