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Surrounding Town Models <br />Andover <br />o YMCA <br />• Elk River <br />o YMCA <br />• Coon Rapids <br />o YMCA <br />• Anoka <br />o Nci Model <br />• Rogers <br />• Model <br />• Champlin <br />o Lifetime Fitness <br />Case Studies <br />• Public -private partnership is ideal way of turning idea into reality <br />Comparison to private, non-profit, city owned <br />Case studies of P3 in action: <br />• Andover, Elk River, Maplewood <br />• Meet 75% of criteria - comparable to Ramsey <br />• Takeaways - P3's assist cities in... <br />• Handling increasing operation costs that the city cannot cover <br />o Funding to build and create the facility <br />e'grs <br />PUBLIC -PRIVATE SUSTAINABLE <br />PARTNERSHIPS DEVELOPMENT <br />picackokoicacktm GOALS <br />`ALS <br />Advantages & Disadvantages of P3 <br />• Advantages <br />o Each party provides expertise — better infrastructure solutions <br />o Faster project completion <br />o Risk, especially operational and project execution, transferred le private partner <br />o Reduce costs, lower taxes <br />• Disadvantages <br />o Too much expense provided by private partner (city at aegotiaring disadvantage) <br />o May be limited private partners <br />o Due to acquired risk, private partners may seek unsustainable compensation <br />Partnership Coordination <br />Manages <br />Pays for <br />Revenue <br />Public <br />Nothing <br />Construction costs <br />Salaries of employees <br />Property tax revenue <br />Small amount of profit Rem center' <br />*Dependent on how much of construction was <br />covered <br />I,• <br />Private <br />Operations <br />CAN help pay construction costs, but not <br />always. <br />CAN pay lower level employees from <br />profits earned (rare). <br />Majority of profits from center. <br />26 27 <br />27 <br />