Cities across the country are allowing billions of dollars of assets to sit idle without taking advantage of huge opportunities for revenue. This session will explore a way to tap into these opportunities by focusing on government assets with commercial value that can be managed to generate a community equity endowment or a new source of revenue for municipal governments. This approach has been used by governments in Europe and East Asia to generate billions of dollars to fund local infrastructure projects. A few local governments in North America have also begun to explore this concept, as a complement to taxes as a source of revenues. Participants in this session will discuss public asset management as a tool to generate opportunities and revenue for local communities to address challenges like affordable housing, transportation, climate resiliency and other priorities.