Cash-Strapped Governments Embrace Private Developers

Law360, New York (November 4, 2011, 3:25 PM EDT) -- Facing bare coffers and crumbling infrastructure, city and state governments are scrambling to make themselves more attractive to the private developers who can build them courthouses, schools and sports arenas.

Governments are taking aggressive steps to court the private sector, whether via the more traditional economic development model, where a city helps fund or clear the way for a project it hopes will transform the community and pull in major revenue, or the newer push to use public-private partnerships to rebuild infrastructure traditionally built by the...
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