Schack Institute of Real Estate
Public - Private Development
This course explores in detail the growing and varied practice of public private development, discussing the mechanisms for control and financing, and the political and media environment for such developments, The course considers the perspectives and trade-offs between public benefits and concessions, stakeholder involvement, sustainability, and the developer¿s and public¿s return on investment. The course will examine methods used to encourage growth, such as development on public land, zoning and urban renewal, public investment and tax incentives, and the entitlement processes. The value of public benefits including job creation, affordable housing, public infrastructure, landmark preservation and community facilities will be analyzed and related to the real estate developer, finance and market user valuations. A number of case studies of both large and small projects, and including the rapidly growing field of Transit Oriented Development, are utilized to illustrate the potential and risks of such public private efforts.