Cities across the country are allowing billions of dollars of assets to sit idle without taking advantage of huge opportunities for revenue. This session will explore a way to tap into these opportunities by focusing on government assets with commercial value that can be managed to generate a community equity endowment or a new source of revenue for municipal governments. This approach has been used by governments in Europe and East Asia to generate billions of dollars to fund local infrastructure projects. A few local governments in North America have also begun to explore this concept, as a complement to taxes as a source of revenues. Participants in this session will discuss public asset management as a tool to generate opportunities and revenue for local communities to address challenges like affordable housing, transportation, climate resiliency and other priorities.

Welcoming Remarks

Matt Horton
Director, Center for Regional Economics and California Center, Milken Institute

Moderator

Ben McAdams
Senior Fellow, Sorenson Impact; Former US Representative, Utah

Speakers

Dina Blaes
Director, Office of Regional Development, Salt Lake County

Jason Foster
President and Chief Operating Officer, Destination Crenshaw

Shayne Kavanagh
Senior Manager of Research, Government Finance Officers Association

Joe Minicozzi
Principal and Founder, Urban3

Dan Tangherlini
Chief Financial Officer, Emerson Collective