This project consists of conducting research and making recommendations on how to use a Public-Private Partnership model to redevelop city-owned property for public benefit. Examples include building affordable commercial space above a public parking garage, building artist housing in BelRed, and building a campus for a creative arts college. Deliverables may include recommendations on how to execute complex property transactions, risk management and risk sharing best practices, possible changes in city policy, and lists of potential venture partners, among other things. The final project will be developed in partnership with COB’s new P3 Manager. Project participants are encouraged to explore successful P3 models and lessons learned in other communities. The city needs particular help to understand opportunities in Bellevue based on the interaction of Washington state regulations, property conditions, and capital markets.
Livable City Year Contact Info
Teri Thomson Randall
University Faculty Contact
Industrial & Systems Engineering
Local Government / Community Contact
Traffic Engineering | Transportation