Is privatization satisfying?

Convention centers often suffer from the same promises made versus promises delivered gap as stadiums. Instead of driving more business to a region, they can sap city coffers. To stop (or at least slow) the bleeding cities are increasingly turning to private convention center management. One way to figure out if private management works is to see how many cities embrace it, find they don’t like it, and then reverse course. In other words, we can try to assess privatization’s satisfaction rate. The author of this article suggests that cities rarely, if ever, turn away from privatized convention center management: “Try as I might, I couldn’t find a facility that had moved into private contract management and then decided to go back to public management. The few that I had been told about were no longer operating as a public assembly facility. Certainly a strong statement for the viability of this form of management.”