FAQ

Hunden Strategic Partners is a full-service real estate development advisory practice specializing in master feasibility studies for transformative destination assets. With professionals in Chicago, San Diego, and Minneapolis, Hunden Strategic Partners provides a variety of services for all stages of destination development.

A public–private partnership (PPP, 3P, or P3) is a cooperative arrangement between two or more public and private sectors, typically of a long-term nature.^[1][2] It involves an arrangement between a unit of government and a business that brings better services or improves the city’s capacity to operate effectively.^[3] Public–private partnerships are primarily used for infrastructure provision, such as the building and equipping of schools, hospitals, transport systems, and water and sewerage systems.^[4] PPPs have been highly controversial as funding tools, largely over concerns that public return on investment is lower than returns for the private funder. PPPs are closely related to concepts such as privatization and the contracting out of government services.^[1][5] The lack of a shared understanding of what a PPP is makes the process of evaluating whether PPPs have been successful complex.^[6] Evidence of PPP performance in terms of value for money and efficiency, for example, is mixed and often unavailable.^[7] Common themes of PPPs are the sharing of risk and the development of innovation.^[6]

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