privatize
verb (used with object)
to transfer from public or government control or ownership to private enterprise.
Used to express actions, events, or states that have not yet occurred but are expected to happen.
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
In exchange, the state will privatize 280 acres of the state’s public coast so developer Mike Keiser can build a golf course.
From Washington Times ● May 25, 2015