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Governments at all levels are facing an increasing demand for services, facilities and infrastructure improvements, yet an increasing number of financial and political constraints. SPPRE works with a wide range of government entities to facilitate action by private entities to finance, design, develop and operate needed public facilities and to generate non-tax income and tax revenue from their underutilized real estate assets.
SPPRE also has an extensive track record in assisting government entities to structure and implement “catalytic” development projects and redevelopment projects. Often the redevelopment of downtown's are dependent on the success of catalytic projects, so creative financing and development plans are critically important to catalytic projects. Typically, catalytic projects are not financially feasible and/or the market demand is weak, so SPPRE’s ability to structure creative public/private finance plans and hands-on experience as a developer can be the difference between success and failure.
SPPRE’s “Menu” of services:
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Complete development strategies for the redevelopment of downtowns |
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Prepare “Development Packages” to be distributed to private developers |
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Develop financing programs to facilitate action on catalytic and redevelopment projects. Programs would include sections on items, such as: |
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- Financing sources at the Federal, state, county and local levels
- Development, investment and operational incentives
- Alternative public/private finance and credit enhancement techniques.
- Alternative techniques to enhance cash flow and reduce development costs |
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Prepare land acquisition plans to complement government owned properties and create sites which would be more attractive to private developers |
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Prepare marketing programs to facilitate Public / Private Real Estate Partnerships |
General Services
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Demonstrate how the public/private real estate partnership approach can be applied to needed public facilities to achieve the following objectives for public partners: |
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- Reduce, or eliminate capital investment |
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- Reduce, or eliminate capital investment |
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- Reduce, or eliminate development, construction and ownership risks |
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- Create jobs |
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- Accelerate the development schedule |
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- Generate new streams of non-tax income and tax revenue |
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Complete a government-wide real estate asset management program to generate non-tax income, tax revenue and jobs from underutilized government owned assets. |
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Using 10 types of public/private partnership techniques, complete a government-wide Comprehensive Public/Private Partnership Program (CPPP) to generate new streams of income and cost savings. |
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