"Downtown Shopping Malls and the New Public-Private Strategy"
Shared Power: What Is It? How Does It Work? How Can We Make It Work Better?
Editor(s): John M. Bryson and Robert C. Einsweiler
© University Press of America, with the Hubert H. Humphrey Institute of Public Affairs,
1991
Pages: 189-212
Publication type: Chapter
Research Archive Topic: Real Estate
Abstract
Bernard Frieden and Lynne Sagalyn provide an in-depth analysis of public-private partnerships that have resulted in several large downtown retail redevelopment projects. These projects were dependent in part on an improvement in underlying factors such as the revitalization of the downtown office market. But, more important, these projects owe their existence to innovative entrepreneurial urban policy. This essay shows how current city policies evolved from the experience gained from redevelopment efforts launched under federal auspices. At the same time the cities' activities represent a clear departure from past economic practice. A totally new kind of relationship has emerged between the public and private sectors, characterized by joint decision-making and shared risk-taking.
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