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Montgomery development board weighs public-private partnerships to jump-start downtown projects
Summary
At its Oct. 15 meeting the Montgomery board spent a lengthy discussion exploring public-private partnerships to finance downtown redevelopment, pilot a 50‑acre site across from Calhoun Church, and invite experts to advise on P3 structures and city incentives.
Board members at the Oct. 15 Montgomery County Development Corporation meeting discussed using public-private partnerships (P3s) to pursue redevelopment projects the city cannot fund on its own. An unidentified proponent said the city "is not funded to be able to pick up some of these projects" and argued the only way to kick them off is to form partnerships with private developers and businesses.
Members listed several potential uses for…
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