ABSTRACT

Public-Private Partnerships for Purposes of Federal Real Property Management [December 12, 2013]   [open pdf - 464KB]

"While public-private partnerships (PPPs) have long been used to manage real property, congressional interest in PPPs has recently increased due to the large number of underutilized and excess buildings owned by federal agencies, as well as sequestration and other spending constraints. There is no single, accepted definition of 'public-private partnership,' and PPPs can be structured in many ways. However, for purposes of this report, a PPP is an agreement whereby a nonfederal entity acquires the right to use a real property owned or controlled by a federal agency--typically through a long-term lease--in exchange for redeveloping or renovating that property (or other property). In many cases, the agency and the nonfederal entity share the net cash flow or savings that result from the agreement. […] When contemplating expanded use of PPPs, Congress may wish to consider the limited information available about existing authorities that may permit landholding agencies to enter PPPs, and whether and how these authorities are currently being utilized. Congress may also wish to consider agencies' capabilities to enter into and oversee performance of these arguably complicated arrangements; agencies' authority to retain and use any net proceeds from PPPs; and the interplay between PPPs and current processes for disposing of excess property."

Report Number:
CRS Report for Congress, R43337
Author:
Publisher:
Date:
2013-12-12
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
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