4 replies to this topic

[R.Kaz]

In Denver Colorado, there is a project to redevelop Union Station. The historic train station in central Denver is being redeveloped, in part, to make connections to other public transportation (bus and light rail). There are two firms with different concepts competing for the rights to develop the site.

One of the concepts is to turn the historic station into a private hotel and utilize the main station as the hotel lobby. (They’ve now moved the conceptual lobby to the second floor after much public outcry.)

What do you think about privatizing public projects?

[Pavel Pavlenko]

I think privatizing historical public projects is the best way to save the historical buildings. Becouse private investment are allways bigger than public. BUT!!! Government has to have hard conditions for using theese objects in future and new owners have to meet theese conditions. Unfortunately in my country it is impossible.
Concerning privatizing objects of public transit or some its parts... I think it is not good idea. But it's only my opinion

[R.Kaz]

In this instance, I don't think the historic building is in danger of being removed. The other developer's plan has that portion of the structure to remain a public transit hub and station. My worry would be that the private entity, in this case a hotel, would fail financially and leave the taxpayer on the hook to pick up the pieces. You're probably right about the government making sure the conditions are developed in such a way as to minimize the risk to the taxpayer.

[R.Kaz]

I agree, government bureaucracy and politics limit their ability to compete with the private sector on a financial level. I do believe though; as a functioning society, there is a necessity for publicly provided services and infrastructure. You can argue that public transportation is one of those necessities. If so, what happens to the public interest when private financial interests or obligations subjugate the public’s interest?