Editing Public–private partnership (section)

=== Asset monetization ===
A form of P3 that became prevalent in American cities during the 21st century are ''asset monetization'' arrangements. They concerns a city's revenue-generating assets (parking lots, garage and meters, public lights, toll roads, etc.) and transforms them into financial assets that the city can lease to a private corporation in exchange for covering operation and maintenance. These deals are usually done during periods of financial distress for the city, and the immediate revenues municipalities receive is used to pay down the debt or to fill budget holes. The 2014 [[Detroit bankruptcy]] deal included many asset monetization arrangements.<ref name=":32">{{Cite book|last=Whiteside|first=Heather|title=Public-private partnerships|publisher=Fernwood Publishing|year=2016|isbn=978-1-55266-896-2|location=Halifax|chapter=Why are P3s?|oclc=952801311}}</ref>