Reducing Risk with
Public-Private Partnerships

Public-private partnerships are used to finance, build, and operate projects such as indoor sports facilities, outdoor sports complexes, and recreation centers. These partnerships typically span 25 to 30 years or longer. Financing is partly provided by the private sector, with payments required from the public sector and/or users over the project’s lifetime. The private partner is responsible for designing, completing, implementing, and funding the project, while the public partner focuses on defining and monitoring compliance with the objectives. Risks are shared between the partners based on their ability to assess, control, and manage them.