Public-Private Partnership (P3's) has been an emerging popular tool for the development of public space in the city. It involves a collaboration between a government agency (Public) and a private-sector company or individual (Private) to envision, finance, construct and operate public-oriented projects like urban spaces, bridges, parks, convention centers etc. Also, P3’s can be taken as an effective cost-saving and innovation-producing venture in transforming the public spaces. This has led to a new form of placemaking in the urban context.                                                                                                                                              
The role of these public-private partnerships is to harness the power of the non-profit, private and governmental sectors, especially in shaping the public realm and empowering communities. A defining aspect of many such partnerships is that most of the up-front financing and also recurring maintenance costs are taken care of by the private entity, alleviating the financial burden on government entities in the production of public urban space. The public or the government entity at times provide a capital subsidy in the form of one-time grant or donations (by participating organizations) to make the project economically viable.
This research project is set up to gather your feedback on such partnerships in order to further study their evolution.