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GOVERNANCE
The implementation of large-scale, multi-phase infrastructure and development projects often require dedicated governance approaches. Implementation planning requires the exploration of appropriate models for consideration among the public sector partners.
While numerous public, private, and nonprofit partners are contributing to the planning and implementation of the Central City Flood Control Project and Panther Island development, long term stewardship with commitments and capacities that span multiple political and market cycles is important. A variety of public, private, and public-private governance approaches are available that can balance capacity, project ownership, review and entitlement authority, access to funding and financing, ongoing public engagement, and delivery of public benefits. The team will work with project partners to consider the appropriate structures and approaches for long-term governance of the Panther Island project.
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Public/Private
Private and governmental entities share responsibility, funding, and risk
Public – Formal Agreement
Multiple governmental entities collaborate with binding obligations
Private
All aspects of infrastructure and development are led by a nongovernmental entity
Public –
Dedicated Entity
A new public entity is established with project as essential purpose
Public –
Independent Agency Project is led by a primary, preexisting governmental entity