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<classification authority="sudocs">GA 1.13:GGD-99-23</classification>
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 <subject>Federal property management</subject>
 <subject>Real property acquisition</subject>
 <subject>Interagency relations</subject>
 <subject>Joint ventures</subject>
 <subject>Private sector practices</subject>
 <subject>Federal facilities</subject>
 <subject>Historic preservation</subject>
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<titleInfo>
 <title>Public-Private Partnerships: Key Elements of Federal Building and Facility Partnerships</title>
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<abstract>Pursuant to a congressional request, GAO reviewed the key elements of
partnerships between the federal government and the private sector that
were formed to help the government acquire and operate federal real
estate and facilities more efficiently and effectively, focusing on the
experiences of six federal partnerships formed by the:  (1) National
Park Service; (2) Department of Veterans Affairs (VA); and (3) Postal
Service (USPS).&lt;p/&gt;GAO noted that: (1) there was a catalyst for change that led each of the
three agencies to form a partnership with the private sector; (2) for
example, community pressure and fiscal constraints were the catalyst in
the two Park Service projects GAO reviewed, in which the Park Service
decided to enter into public-private partnerships mainly to obtain
partners that could finance needed preservation efforts; (3) for all six
projects GAO reviewed, Congress enacted legislation that provided a
statutory basis for the agency to enter into the partnership and keep
the revenues it received from that partnership; (4) the agencies GAO
reviewed also told GAO that they established organizational structures
and acquired the necessary expertise to interact with private-sector
partners to ensure effective partnership implementation; (5) for
example, VA established an Office of Asset and Enterprise Development to
promote the partnership concept within VA, design and implement
public-private partnership projects, and be a single point of contact
with VA&apos;s private-sector partners; (6) the office was staffed, VA
officials said, with professionals experienced in portfolio management,
architecture, civil engineering, and contracting; (7) in all six
projects reviewed, asset management officials used business plans or
similar documents to make informed decisions and protect the
government&apos;s interests; (8) according to USPS officials, the development
and execution of a business plan, which included information about the
division of risks and responsibilities between USPS and its
private-sector partner, was critical to its success in implementing its
large-scale real estate development projects; (9) for each of the
projects reviewed, business plans were drafted jointly between the
public- and private-sector parties to help ensure close involvement of
both parties in the design and implementation of the project; (10)
support from project stakeholders was an important factor in developing
and implementing the public-private partnerships; and (11) in all of the
projects reviewed, agencies had the support of the local community and
other stakeholders to create the partnership.</abstract>
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<note>Letter Report</note>
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<subject>
 <topic>Federal property management</topic>
 <topic>Real property acquisition</topic>
 <topic>Interagency relations</topic>
 <topic>Joint ventures</topic>
 <topic>Private sector practices</topic>
 <topic>Federal facilities</topic>
 <topic>Historic preservation</topic>
</subject>
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  <title>United States Code</title>
  <partNumber>Title 16 Section 1</partNumber>
  <partNumber>Title 16 Section 470et seq.</partNumber>
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 <identifier type="USC citation">16 U.S.C. 1</identifier>
 <identifier type="USC citation">16 U.S.C. 470et seq.</identifier>
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  <title>United States Code</title>
  <partNumber>Title 31 Section 6305</partNumber>
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  <partNumber>Title 38 Section 8161</partNumber>
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 <identifier type="USC citation">38 U.S.C. 8161</identifier>
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  <title>United States Statutes at Large</title>
  <partNumber>Volume 84 Page 719</partNumber>
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 <identifier type="Statute citation">84 Stat. 719</identifier>
</relatedItem>
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 <titleInfo>
  <title>United States Public Law 375 (91st Congress)</title>
</titleInfo>
 <identifier type="public law citation">Public Law 91-375</identifier>
</relatedItem>
<relatedItem type="isReferencedBy">
 <titleInfo>
  <title>United States Public Law 526 (100th Congress)</title>
</titleInfo>
 <identifier type="public law citation">Public Law 100-526</identifier>
</relatedItem>
<relatedItem type="isReferencedBy">
 <titleInfo>
  <title>United States Public Law 86 (102nd Congress)</title>
</titleInfo>
 <identifier type="public law citation">Public Law 102-86</identifier>
</relatedItem>
<relatedItem type="isReferencedBy">
 <titleInfo>
  <title>United States Public Law 175 (103rd Congress)</title>
</titleInfo>
 <identifier type="public law citation">Public Law 103-175</identifier>
</relatedItem>
<relatedItem type="isReferencedBy">
 <titleInfo>
  <title>United States Public Law 333 (104th Congress)</title>
</titleInfo>
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