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Discover LudwigThe phrase "publicly owned" is correct and usable in written English.
Example sentence: The public library is a publicly owned building, open to all members of the community.
Exact(60)
Hardest hit are the publicly owned Landesbanks.
But many publicly owned ones lie empty.
It is publicly owned, although commercially funded.
And they must be publicly owned.
Channel 4 is funded by advertising but is publicly owned.
It became a publicly owned company in 1953.
Publicly owned houses may be sold to their occupants.
By contrast, two-thirds of big firms are publicly owned.
The city's water company will remain publicly owned.
Germany's publicly owned Landesbanken would fit that bill nicely.
Nearly two-thirds of housing is publicly owned.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com