Colorado Challenge Accelerator Program | Module #7 | PUBLIC-PRIVATE PARTNERSHIP + SMART REDEVELOPMENT

Module #7 | Public-Private Partnerships + ‘Smart’ Redevelopment

DESCRIPTION

This module explores how communities can effectively partner with the private sector to drive redevelopment projects. It covers how to craft agreements, set milestones, define deliverables, and ensure alignment with community goals—using examples applicable to both large and small-scale projects.

LEARNING LESSONS

• How to identify and recruit the right development partners for your project.
• The role of municipalities in structuring development agreements that meet community needs.
• Streamlining the development process while ensuring alignment with community goals.
• Examples of site data and descriptions that effectively appeal to developers.
• How to use RFQs and RFPs to tell your community’s story and attract the right partners.

MODULE COMPONENTS

RESOURCES | Next step on this journey focuses on engaging the private sector and doing the due diligence to make sure you can demonstrate that you are ready to GET STUFF DONE!

• Target Developer + Partner Profile. A guide to help communities define and identify potential development partners.
• Data Session: Making Decisions to Make your Story More Compelling. Dawn Thilmany gives a rundown of the amazing tools and methods the Department of Agriculture and Resource Economics, the Northwest Regional Food Business Center, and Regional Economic Development Institute use to tell stories through data. 
• Choosing the Right Approach – RFP, RFI, or RFQ. A guide to decide which approach to take as well as sample documents and  to guide municipalities in soliciting proposals from developers and partners.
• The Results of Collecting Data Over Time. An explantation of how the dashboard is designed to help you show the increases in capacity for many factors or over time.

WEBINAR | Each Challenge Accelerator Program Module has an educational component outlined in a webinar.

Public-Private Partnerships + ‘Smart’ Redevelopment | Presented by Jim Heid
What steps should a community take to effectively work with the private sector on a project? Review how to craft agreements, milestones, deliverables, funding, and have it all align with community objectives. Examples work for big and small projects.

ACTIVITIES | The following activities are interactive tools that will walk participants through their own community, partners, and opportunities to build a stronger understanding ot the possibilities for moving the project forward.

• Checklist for Completing Program. A step-by-step checklist to ensure all necessary elements are in place for a successful public-private partnership.
• Draft Project Pitch - Pt. 2. Finish the second half of the Project Pitch Sheet including zoning map, 'Financing' and 'Infrastructure' and 'Environmental' sections along with the Entitlement Process.
• Feasibility Tetrad: Municipal Part 4: Legal Module. Assess legal considerations at the municipal level to ensure proper alignment in the partnership agreement.