Government Contracts
Oct. 16, 2012
Cities get more flexibility in public-private contracts
Two new court decisions make public private partnerships even more attractive to cities. By Penny Cobey of McKenna Long & Aldridge LLP
In these days of fiscal austerity and limited bonding capacity, cities and towns have been forced to think more creatively about funding for their public building projects. Public private partnerships (PPPs), in which a public owner looks to the private sector to finance and operate as well as build a project, have gained considerable interest in California. For example, the Long Beach Courthouse, which will be the first new courthouse built in Cal...
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