Public-Private Partnerships: Factors to Consider When Deliberating Governmental Use as a Real Property Management Tool

United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2001-10-01 monographic deposited born digital 13 p. GA 1.13:GAO-02-46T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-02-46T P0b002ee180377db2 f:d0246t DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-02-46T machine generated eng fdlp REPORT GAOREPORTS-GAO-02-46T GAO-02-46T Federal property management Financial management Real property Private sector practices Joint ventures Testimony A02089 Public-Private Partnerships: Factors to Consider When Deliberating Governmental Use as a Real Property Management Tool This report discusses the nature of and the potential benefits to the federal government of joining into public-private partnerships on real property. The basic structure of a public-private partnership would entail the private sector providing cash and financing ability to renovate or redevelop real property contributed by the federal government with each partner sharing in the net cash flow. Two key factors when considering properties for partnership are location in a strong office real estate market and the demand for federal and non-federal office space. Potential benefits to the federal government of public-private partnerships include the attainment of efficient and repaired federal space and the conversion of properties that are currently a net cost into revenue producers. Public-private partnerships are essentially financial business deals for the private sector and it would consider the financial benefits of such an arrangement. This testimony summarized the July report, GAO-01-906. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-02-46T/html/GAOREPORTS-GAO-02-46T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-02-46T/pdf/GAOREPORTS-GAO-02-46T.pdf GAO-02-46T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-02-46T Testimony GAO-02-46T; Public-Private Partnerships: Factors to Consider When Deliberating Governmental Use as a Real Property Management Tool; Federal property management Financial management Real property Private sector practices Joint ventures