Governments in the U.S. own real estate assets with an estimated value of $5.3 trillion. Many of these assets are underutilized. Not only are these assets not generating nontax income, these assets are not generating property tax revenue because of their tax-exempt designation. SPPRE believes many of these government-owned assets are extremely valuable and deserve immediate attention. If carefully selected assets were sensitively developed with the appropriate commercial uses, these dormant assets could generate non-tax income (land lease payments or participation in sale proceeds) for governments, universities and school districts, and equally important generate new tax revenue from applicable taxes, such as: sales tax and hotel occupancy tax. Of course, many public entities have the choice of receiving a needed facility at no cost, or at reduced cost, in lieu of non-tax income.

SPPRE believes in the quality and performance of its work. So we are open to discussing a performance based fee structure.