CHICAGO — Chicago and its philanthropic foundations have established the Chicago Recovery Partnership, a unique union aimed at speeding up the distribution, use, and then tracking and review of federal stimulus to benefit the city and its not-for-profit community.

The goal is to maximize the benefits of the stimulus funding through a public-private partnership in a way “that ensures the money leaves a lasting legacy,” said David Narefsky, a partner at Mayer Brown LLP, which is participating in the effort and has worked as a key adviser on the city’s lucrative public-private partnerships involving leases of city assets.

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