Public Finance Leaders Forum 2010 How Private Funds Can Invest in Government-Owned Property and Pub
Venue: New York
|Event Date/Time: Dec 02, 2010|
How Private Funds Can Invest in
Government-Owned Property and Public Projects
Thursday, December 2nd, 1:30PM-7:00PM, New York City
"I have made a pledge to the people of New Jersey that on my watch I will not allow taxpayers to fund projects that run over budget with no clear way of how these costs will be paid for. Considering the unprecedented fiscal and economic climate our state is facing, it is completely unthinkable to borrow more money and leave taxpayers responsible for billions in cost overruns."
With these words, New Jersey's governor Chris Christie killed plans for a new train tunnel to connect his state with New York's Manhattan, saying billions of dollars in possible cost overruns made the project "completely unthinkable". While cities and states across the country are reeling amid shrinking revenues and mounting bills for retired workers' pensions, $180 billion is now available by private investors for infrastructure projects.
In the U.S., selling public buildings and leasing them back got some attention in the 1980s, but those deals were largely done for tax benefits and the asset generally stayed in public hands. Golden Networking's Public Finance Leaders Forum 2010, "How Private Funds Can Invest in Government-Owned Property and Public Projects" will provide investors, managers, government officials and consultants with concrete examples and steps to capitalize on the current privatization trend in the U.S., by which private corporations and investment funds acquire an interest in government-owned property and public projects, popular for years in Europe, Canada and Australia.