ULI Charlotte’s symposium on Friday, May 16, 2014, addressing Infrastructure, provided attendees with a wealth of information, and has started conversations. Here are 10 Key Takeaways:

• Great infrastructure builds great cities.
• P3’s are vital to our continued growth as a city.
• The Charlotte region is poised to grow even faster over the next few decades and must get ahead of the curve when it comes to infrastructure and quality of life issues.
• There’s a difference in what the public sector employees think developers value and what developers really value. New strategies for development and infrastructure from the public sector are necessary.
• Charlotte is poised for growth and the growth of our infrastructure will require a good bit of money.
• Existing infrastructure funding is tapped out; new mechanisms are required for adequate infrastructure funding.
• Private and public sectors need to work together to find new mechanisms for infrastructure development. Work together to acquire the authority for more innovative funding mechanisms required to fill the gap.  North Carolina statutes are more restrictive compared to other states such as Florida and Texas.
• There seems to be good consensus between public and private on importance of partnership to deliver infrastructure. Transit a bigger priority.

Public Private Partnerships are the way of the future and we all need to get on board and find ways to get creative. Collaboration is the key – never underestimate the value of public/private partnerships.

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