It was pretty much business as usual at a panel discussion entitled “Public/Private Partnerships: Solutions for the Next Generation” at ULI’s 2011 Fall Meeting in Los Angeles—master plans, local politicians decrying their tight budgets, pay-as-you-go infrastructure takedowns. Business as usual, that is, until a veteran developer veered wildly off script and divulged some home truths, followed by advice for best approaching these partnerships and ensuring success.