Here's the ABCs of P3s (aka Public-Private Partnerships)
Public-private partnerships have been back in the news lately, after the Sunset Advisory Commission put a halt to some development projects being discussed for the Capitol area. Lawmakers want to tighten up some of the laws governing the Texas Facilities Commission and public-private partnerships, or P3's.
So what exactly is a P3? How do they work? Mary Scott Nabers is a former Texas Railroad Commissioner who now runs a consulting business helping private companies work with the government. She's the author of Collaboration Nation: How Public-Private Ventures are Revolutionizing the Business of Government.