Open AccessUniversity Housing Development: A PPP Approach
Author(s) -
Bruce L. Blair,
Adam M. Williams
Publication year - 2017
Publication title -
journal of public and nonprofit affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.246
H-Index - 6
ISSN - 2381-3717
DOI - 10.20899/jpna.3.3.320-335
Subject(s) - general partnership , private sector , business , finance , public sector , asset (computer security) , constraint (computer aided design) , public–private partnership , externality , debt , plan (archaeology) , multitude , public administration , economics , economic growth , engineering , political science , economy , mechanical engineering , computer security , archaeology , computer science , history , law , microeconomics
Growth and financial constraint continue to hinder development in a multitude of areas in the public sector. Higher education has joined the growing list of public sector organizations turning toward the private sector for innovative solutions to the negative externalities of growth. On April 14, 2014, the University System of Georgia posted a request for qualified contractors for a first of its kind public–private partnership. Wishing to move away from its current long-term asset financing plan that utilized public–private ventures, and to move much of the bonded debt, the university system issued a call for contractors for the construction of campus housing on nine system-member institutions across the state of Georgia. In an effort to evaluate the importance of this contractual arrangement, a thematic analysis of publicly available contract documents is analyzed. We find that the university system’s values associated with the project are best described as risk-averse behavior.