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Public-Private Partnership Bill Passes Georgia Senate to Pave Way for Widespread P3 in Georgia

Georgia may soon join the growing ranks of states with broad enabling legislation for all forms of public-private partnerships (or P3). Senate Bill 255 (2013) passed the Georgia State Senate on Monday, February 24, 2014, by a...more

Dumb Things Retirement Plan Sponsors Should Avoid Doing

Whoever said that there is no such thing as a dumb question obviously wasn’t in attendance at my Global History class in high school when someone asked whether it was true that if you take a picture of an Amish person, the...more

East End Crossing Wins Bond Buyer Deal of the Year

Recognizing the innovative P3 approach to project delivery and financial structure for a major US infrastructure project, the Bond Buyer awarded the Indiana Finance Authority's private activity bonds for the East End Crossing...more

Trends In Social Infrastructure

FEDERAL, state and local budgets are in disarray in the United States. Funding at all levels is challenged, if not essentially unavailable, further exacerbated with political polarization in full swing. At the same time, in...more

Congressional Caucus on Public-Private Partnerships Launched

Before departing Washington, DC for the traditional August Congressional recess, Congressmen Mike Rogers (R-AL-3) and Gerry Connolly (D-VA-11) announced that they are forming the Congressional Caucus on Public-Private...more

Indiana Finance Authority Shortlists 4 Proposers for its I-69 Section 5 Project

On July 31, 2013, the Indiana Finance Authority (“IFA”), in coordination with the Indiana Department of Transportation (“INDOT”), shortlisted four teams for its I-69 Section 5 Project (the “Project”) located between...more

It's All About Timing: PPP Payments

During the afterglow of the closings for the Chicago Skyway and Indiana Toll Road projects, transportation officials across the country viewed public-private partnerships (PPPs) as a panacea for the challenges caused by...more

Virginia Releases Draft P3 Pipeline for 2013 for Industry Comment

After achieving several P3 project milestones and awards in 2012, Virginia’s Office of Transportation Public-Private Partnerships (OTP3) on behalf of the Commonwealth of Virginia released a draft document entitled “2013...more

Global Recognition of US Infrastructure Projects and Transportation Agencies Continues at Partnerships Awards

As we previously reported in April, organizations that annually recognize top projects and industry organizations worldwide have proven that they are no longer focusing solely on mega-projects that are part of major...more

Case Study: A Landmark in the History of U.S. Public-Private Partnerships

“The $2.6 billion deal to lease San Juan’s Luis Muñoz Marín International Airport to a private consortium is being watched by bankers and industry officials keen to import a business model that is widely used in Europe and...more

Maryland Transit Administration Issues RFI on New Purple Line and Red Line

This week the Maryland Transit Administration (“MTA”) issued a Request for Information (“RFI”) requesting private sector involvement to collect best practices for delivery and financing of the planned Maryland National...more

Maryland Passes P3 Legislation

Legislation encouraging the use of public-private partnerships (P3s) to address Maryland’s growing infrastructure needs has been passed by the General Assembly and signed into law by Governor O’Malley with bipartisan...more

Public-Private Partnerships A Winning Strategy

The global recession was unkind to communities across the United States and around the world. Facing diminished tax bases, frozen capital markets and a reduction in federal and state funding, many local governments shelved...more

Public-Private Partnerships – The Future May Be Sooner Than Thought

Public-Private Partnerships, also known as P3, are evident in Florida. A P3 is a contractual relationship between a public agency and private entity that agree to share risk and rewards of a project. Historically, these...more

Public-Private Partnerships, Seaports, And The New Normal

A recent article in the PPP Bulletin, “Change we can believe in?”, explains that “PPPs are the new normal” for infrastructure projects in the United States, and public-private partnerships are being relied upon for responses...more

I Don’t Care How Much I Pay (too Much, the Magic Bus)* – Part II

In a prior post, we noted that the U.S. Department of Justice and State of New York filed an antitrust complaint that seeks to unwind a joint venture formed in 2009 by two competing tour bus operators in New York City....more

P3 Opportunities Ahead For Public Transportation Systems

Moving forward, some of the most exciting opportunities for public-private partnerships will be in the area of public transportation. Traditionally, public transportation systems have been constructed and operated solely with...more

Pennsylvania Joins Growing List of States with P3 Legislation

Pennsylvania’s General Assembly paved the way for the use of public-private partnerships (P3s) when it passed legislation on June 30, 2012, giving the Commonwealth the ability to lease transportation assets to the private...more

Madlyn Primoff - Industries Facing Bankruptcy [Video]

Madlyn Primoff, Partner, Bankruptcy & Restructuring Practice, Kaye Scholer LLP, discusses the trends and developments likely to affect bankruptcy and distressed companies in 2012 and 2013. Primoff particularly focuses on what...more

Bankruptcy: A Cyclical Business [Video]

Madlyn Primoff, Partner, Bankruptcy & Restructuring Practice, Kaye Scholer, discusses the trends and developments likely to affect bankruptcy and distressed companies in 2012 and 2013. Primoff particularly focuses on what a ...more

P3s meet transportation needs

Originally published in the Colorado Real Estate Journal, November 16, 2011 - December 1, 2011. It is no secret that Colorado’s budget crisis has immobilized transportation funding, as is the case nationally....more

Aircraft Finance in Aruba

This month marks the first anniversary of the entry into force in Aruba of the Cape Town Convention on International Interests in Mobile Equipment and the Protocol thereto on Matters specific to Aircraft Equipment. The Cape...more

In re: General Motors Corporation

Debtor's Voluntary Petition for Protection of Chapter 11

General Motors filed for Chapter 11 bankruptcy, listing $82.29 billion in assets and $172.81 billion in debt. It is the fourth largest bankruptcy in U.S. history....more

GM's Wagoner, Stocks and The Window Seat Tribe

Shame-based punishment is a strategy that dates back to the 16th century. Thieves or petty criminals were routinely put in stocks and placed in the town square, receiving their comeuppance in the form of verbal ridicule,...more

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