By Giovanna da Silva The 21st century has seen a substantial increase in public-private partnerships in the United States and around the world. The basic principle behind public-private partnerships, or P3s, is that government works with the private sector in order to build and finance public works projects. P3s have been increasingly encouraged by state … Continue reading Private Sector Can Shoulder Some of the Risk for New Road Construction
Citizens Property Insurance Corporation is Regressive and Risky
By Matt Kelly Citizens Property Insurance Corporation was formed by the Florida Legislature in 2002 for the purpose of serving Florida’s residual property insurance market. Its creation was justified by the argument that middle-income residents have a tough time purchasing insurance in a hurricane-prone state like Florida, and public subsidies were needed to even the … Continue reading Citizens Property Insurance Corporation is Regressive and Risky
Measuring Success and Failure in Public Transportation: The Case of Sunrail
By Santiago Arango In May, SunRail, Orlando’s commuter rail system, celebrated its first year of operation and was awarded a $93 million federal grant. Phase II of SunRail’s construction will add four more stations and 17.2 miles of rail into neighboring Osceola County within two years. Orlando is the 4th fastest growing city in … Continue reading Measuring Success and Failure in Public Transportation: The Case of Sunrail
Sports Stadiums Not Worth Public Subsidies
By Logan Shewmaker Next time you attend a ballgame, consider for a moment the monumental effort necessary to build a sports stadium. Surely, stadiums are among the most impressive structures ever built. Tourists continue to marvel at the architectural wonder of Rome’s Coliseum. But does that justify public subsidies? Three-fourths of stadiums in the U.S. … Continue reading Sports Stadiums Not Worth Public Subsidies