Infrastructure

Tackling climate change – particularly from a transportation perspective – will require... [public-private] partnerships largely because traditional governments and public agencies are underperforming... The public sector often does not have the capacity or expertise to design, finance, execute and sustain policies that work, so these partnerships are helping fill the vacuum with a new kind of problem solving.

[Public-private partnerships are] attractive particularly for large-scale infrastructure investment like [Redondo's partnership with CenterCal on the waterfront development project], where cities are looking for new models, new innovations and new partnerships.

In the early '90s, these EB-5-funded projects were very practical, like building infrastructure and developing areas around closed military bases... There were a lot of projects like this and there are still some. But when the last recession took hold, developers had to look elsewhere to finance their projects.