This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
Consider this scenario: Government chips in with a group of private investors to fund a privately run social program, such as a school counseling center or a health clinic.
If the program succeeds, government pays back the investors. If it fails, it's like any risky proposition and they lose their investment.
This new approach to public-private partnerships, called the "pay for success" model, has governments across the country — including Salt Lake County — experimenting with it, with promising results.
On Wednesday at 12:15 p.m., Salt Lake County Mayor Ben McAdams joins Jennifer Napier-Pearce to talk about their "pay for success" private preschool project along with Utah Theatre plans, annexations, bike commuting and other county issues.
Watch this online video chat at sltrib.com. You can also join the discussion by sending questions and comments to the hashtag #TribTalk on Twitter and Google+ or texting 801-609-8059.
Twitter: @jnpearce County mayor discusses 'pay for success,' annexations
12:15 p.m. Wednesday • Consider this scenario: Government chips in with a group of private investors to pay for a privately run social program, such as a school counseling center or a health clinic. If the program succeeds, government pays back the investors. If it fails, the investors lose their investment. Salt Lake County Mayor Ben McAdams, right, joins Jennifer Napier-Pearce to talk about the county's "pay for success" private preschool project, along with Utah Theatre plans, annexations, bike commuting and other issues. Watch the chat at sltrib.com. Join in by sending questions to #TribTalk on Twitter and Google+, or by texting 801-609-8059. › sltrib.com