Recently Oakland Park has researched the advantages of 3Ps and identified many positive opportunities. What is a 3P? It’s a Public-Private Partnership!
It’s when a government entity, like Oakland Park, and a private business partner to provide a public service or develop a public facility in a manner that divides risk, rewards, and responsibilities between the public and private sector.
Benefits include resolving growth and infrastructure issues and stimulating job growth. Challenges include unique regulations and contractual arrangements that require careful planning and legal oversight.
The Oakland Park Downtown Mixed-Use Culinary Arts District has for many years struggled to fully gain an identity and thrive. The goal is to become a mixed-use community where people live, work and play.
The expectations include increased local investment, community pride and community events with more walking and less driving. Local small businesses will thrive and offer services and jobs to residents and visitors alike.
If properly planned, the next generation of mass transit and rail will take us to neighboring cities and distant events.
The Oakland Park of days past left many with the impression of missed opportunity and lack of positive change. Investors were less interested in a city that had no active plan or vision for the future. Over the past decade, progress has been realized. Significant investment in the downtown is beginning to materialize.
As the Oakland Park Square 3P project moves forward, a new level of excitement is beginning. The contaminated property known as the Dixie Westside lots is being cleaned-up and new interest in the area is developing. Many of the small mom & pop businesses that struggled and were lacking the capital to fix-up their businesses are now remodeling as their financial futures look brighter. New businesses are moving-in and occupying the once difficult to rent store fronts.
We are community that appreciates our small-town feel! We also understand that some planned and responsible development is needed to make Oakland Park even better! Oakland Park is a wonderfully diverse and hard-working community covering just over 8 square miles with over 45,000 residents and growing.
Together, we will continue to successfully move forward into the future.