Ownership and organisation of urban development corporations in Danish towns and cities: a cooperative governance approach

Rooted in Pestoff's third-sector organisation and undergirded by extensive empirical research, this paper considers how different public, private and civic actors interact and cogovern urban development projects. Public actors do not necessarily forego on value generation and capture despite public, private and civic partnerships frequently being analysed in terms of a rise in private values at the expense of public values. In fact, the article finds that differences in goals and priorities among public, private and civic actors may lead to differences in ownership and organisational roles without infringing on the public actors' ability to generate and capture value.