WASHINGTON, DC–A few weeks ago President Donald Trump toldlawmakers he had changed his mind about the structure of his $1trillion infrastructure investment plan. Previously the plan wascontingent on private sector participation; now, President Trumpreportedly said, he didn't want to take that route. The reason?As we discussed in part 1 of this article: Certainpartnerships between the private sector and federal government justdon't work.

A survey of experts in this area reveals that the president wasright — at least when the federal government is taking the lead inthe project. The best structures, it is widely thought, are whenthe state or local jurisdiction are heading the transaction.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.