A QUESTION ABOUT PENNSYLVANIA’S NEW PUBLIC-PRIVATE PARTNERSHIP LEGISLATION
On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Uncategorized on Aug 30, 2012.
This summer, Pennsylvania became another in a lengthening list of states to pass legislation relating allowing public entities to enter agreements with private developers to manage the public entity’s interest in public projects. In essence, public transportation projects like toll roads can now be turned over to private entities to build, manage, and care for in return for a profit. The difference between this and the more traditional approach is that while the state or local governmental entity still owns the property in a technical sense, a private entity is the practical owner.
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