Bypassing Bonds with Public-Private Deals
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.