Putting Public-Private Partnerships to Work by Madelyn Marconi
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wo major projects included in the Gardens Park Baseball Expansion plans reached completion this summer while another, located at The Gardens North County District Park, started to gain traction. These projects were initiated when the City of Palm Beach Gardens entered individual publicprivate partnerships with the Miracle League of Palm Beach County, Cressey Sports Performance, and Palm Beach North Athletic Foundation, Inc.
WHAT IS A PUBLIC-PRIVATE PARTNERSHIP? A public-private partnership, or “P3,� is a collaborative agreement between a government agency and a private sector company. This approach can be used to finance, build, and operate large-scale, long-term projects. Both entities share the common goal of providing a public benefit, whether it is an asset or service, to the surrounding community. Some may express concern or doubt in allowing a private entity to become widely involved in the long-term (continues) FA L L 2020
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