Public-private partnerships and their role in the revitalization of downtown Indianapolis
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Abstract
This creative project has examined the cooperation between the public and private sectors (public-private partnerships) and how they effectively combined resources to revitalize downtown Indianapolis. The public-private partnership process operating in Indianapolis was explored using two specific partnership efforts. A detailed discussion of the development of Market Square Arena - the city's first major partnership effort - and the development of the proposed Circle Centre Mall - the city's latest and reaching attempt at public-private cooperation - serve as two examples in defining the partnership process.In addition, the creative project defines five components necessary for public-private partnerships to operate effectively in Indianapolis.