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CTA's Experience in Fostering Station Redevelopment Through Public/Private Partnerships

by Peter Fahrenwald, Chicago Transit Authority, United States,



Document Type: Proceeding Paper

Part of: Engineering and Business: Converting Engineers to Businessmen

Abstract:

The paper reviews the experience of the Chicago Transit Authority's partnerships with the private sector. The funding, space, design, construction and operation components of a partnership are examined. Fundamental differences between the public and private sectors are discussed as limiting factors to successful partnerships. Suggestions for improving the chances of a successful partnership are also provided.

Subject Headings: Public private partnership | Rapid transit systems | Rail transportation | Railroad stations | Public transportation | Private sector | Local government | Chicago | Illinois | United States

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