Austin Business Journal, News

Bypassing Bonds with Public-Private Deals

July 9, 2012 5:00 am by: Andrew Uhler

A public-private alliance aims to build at planetarium at MLK and Congress. Image courtesy Austin PlanetariumA public-private alliance aims to build at planetarium at MLK and Congress. Image courtesy Austin Planetarium

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

It’s no secret that Austin is growing fast. Which means property throughout the city is at a premium. As a result, we’re starting to see more partnerships between private investment firms and public projects. Andy Uhler with KUT News talked with Robert Grattan of the Austin Business Journal about what these alliances mean.

The government is pretty debt-averse right now. Obviously they’re not wanting to go to the Legislature and ask for these huge bond issues or for appropriations to build these new buildings. What this enables them to do is to go instead to those private organizations who have an interest; you can have the same kind of development but without the huge bond issues or taking on government debt.

Podcast: Download (3.6MB)

Share|

No comments yet.

Add your response

Comments are moderated. They are posted at the discretion of KUT if they stick to the topic and contribute to the conversation. They will not be published if they contain or link to abusive material, personal attacks, profanity or spam.

You must be logged in to post a comment.