Public-Private Partnerships (Financing)
Transforming residents' vision into a brick-and-mortar mechanism for economic and social community development cost $23.5 million. For JCNI to fund development of the Plaza and future community projects, it needs a unique and committed set of funding partners. This search for solutions that keep costs low and more money in the community has forged a new approach to financing community development.
This approach brings a variety of partners to the table — non-profit and for-profit, corporate and civic, local and national — providing loans, grants, and tax incentives. The members of the ground-breaking public-private partnership supporting Market Creek Plaza share one thing — a commitment to invest in what the residents have envisioned for the future of this community.