Under the title Urban Regeneration: Can the Partnership Approach do More Harm than Good?, Professor Michael Ball's study received good academic press. The research, sponsored by the Economic & Social Research Council and the Royal Institute of Chartered Surveyors, concludes that "problems created by the partnership approach to urban deprivation could outweigh the benefit." The anticipated benefits of various public and private groups seldom appear, and the costs of such partnerships are often higher than any benefits.
You can read a recap of it here.
This Michael Ball teaches at the University of Reading, Whiteknights in England.