Ricerc@Sapienza

The present research is focalized on public-private partnership (PPP) procedures as a driving force of urban sustainable development. The paper intends to point out the relevant role played by the public administrations in the implementation of these mechanisms aimed at degraded urban area renovation, public property assets enhancement, or ex novo realization. In this sense, in the existing reference literature, the private investor tasks and risks have been often explored, neglecting the significant public entities position.

The purpose of this article is to present the assessment procedure developed and operatively applied to verify the technical, regulatory, and financial conditions for implementing an intervention for the recovery/repurposing of a publicly-owned building through a public/private/partnership operation.

According to the European University Association, nowadays financial sustainability is one of the key challenges for Higher Education Institutions. The financial sustainability of public universities is threatened by cutbacks in public funding and by society's growing demand for improvements to the volume and quality of services provided. A recent reform in Italy has determined that universities are required to move to accrual accounting, starting from the assumption that this system responds more effectively to issues relating to financial stability control.

In the present research the financial feasibility assessment of a
public-private partnership initiative concerning the valorization of a public
property located in the city of Rome (Italy) has been examined. The development
of the assessment, which has provided for the implementation of the
Discounted Cash-Flow Analysis, has been anticipated by a preliminary phase in
which the public and private parties involved in the initiative have been identified,
the respective roles have been defined and the costs and the revenues

With reference to the public-private partnership procedures for the enhancement of the public property assets, in this paper an innovative methodology for assessing the financial conveniences of the parties involved (private investor and Public Administration) is proposed.

The present research concerns the procedures of concessions for the improvement and exploitation of public property assets. We propose a model that helps to define the optimal combination of novel uses in public properties. This model is an answer to the need for effective strategies to find new functions for disused buildings or abandoned areas.