Looking for funds, São Paulo struggles to find a good model to manage its assets

São Paulo turns 465 years old today. In Brazil’s largest city, everything is big, including its leisure options. Municipal venues such as the Pacaembu stadium, Anhembi sambadrome, and the iconic Interlagos racetrack host thousands of people in the city’s biggest events, but keeping them up and running is costing São Paulo millions. And the city desperately needs improvements to its transportation, education, and health systems.

Although it is also Brazil’s richest city, São Paulo is struggling to balance its accounts after being hit hard during the nationwide recession, and suffering from a broad deficit in local social security, which...

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