Supporting Public-Private Partnership for economic and financial feasibility of urban development

The paper is focused on the allocation of the surplus generated by the urban development intervention with the purpose of pointing out the advantages both of the private developer and of the local authorities within the context of negotiating Public private Partnership. In order to support Public Administration in dealing with private developers, the paper proposes an evaluation method based on the measurement of an indicator of capital gain's fair allocation whose robustness is tested by risk analysis.The methodological approach is applied to a renovation project in the city of Milano as pilot case study for verifying its potential in supporting complex negotiation characterized by risk and uncertainty. (C) 2016 The Authors. Published by Elsevier Ltd.