Public-Private Partnerships (P3s) are an increasingly common method of delivering public infrastructure. When structured properly, P3s allow governments to leverage private-sector expertise and resources to deliver essential...more
Earlier this month, the Biden administration agreed to provide financial support to Brightline West, which will be a privately operated high-speed inter-city rail system connecting Las Vegas and Southern California. As its...more
12/14/2023
/ Biden Administration ,
Construction Project ,
Florida ,
Infrastructure ,
Project Finance ,
Public Private Partnerships (P3s) ,
Public Projects ,
Public Transit ,
Railways ,
Real Estate Development ,
State and Local Government ,
Surface Transportation ,
Urban Planning & Development
P3’s are often thought of as delivery mechanisms for large infrastructure projects such as roads and bridges, but P3s are more and more frequently being utilized to deliver a wide range of social infrastructure. A recent...more
We have previously written about opportunities for public-private partnerships (P3s) for the development of social infrastructure (i.e., city halls, libraries, courthouses, and other government buildings), and also how P3s...more
One of the most significant transit projects in Florida history reached a new milestone last month when the Brightline rail system expanded its service from South Florida to Orlando. Brightline marks the first privately...more
10/24/2023
/ Construction Project ,
Florida ,
Infrastructure ,
Project Finance ,
Public Private Partnerships (P3s) ,
Public Projects ,
Public Transit ,
Railways ,
Real Estate Development ,
Transportation Industry ,
Urban Planning & Development
Historically, the federal government played the dominant role in funding large infrastructure projects across the country - in many cases funding all or nearly all of project costs. In recent decades, however, public funding...more
Estimates suggest that 1,000 people are moving to Florida each day, with most of them heading to South Florida. For developers and investors lured by the meteoric growth and favorable business conditions, it’s crucial to...more
2/7/2022
/ Construction Disputes ,
Construction Industry ,
Construction Project ,
Environmental Policies ,
Financing ,
Florida ,
Foreign Investment ,
Infrastructure ,
Investment Opportunities ,
Joint Venture ,
Miami ,
Project Finance ,
Public Private Partnerships (P3s) ,
Real Estate Development ,
Urban Planning & Development
Ask ten people in the industry to define a public-private partnership (P3), and you’ll probably get twice as many definitions. The World Bank’s PPP Knowledge Lab defines a P3 as "a long-term contract between a private party...more
Earlier this summer, Plenary Properties Merced completed construction on the well-known UC Merced 2020 campus-expansion project—a $1.2-billion, 1.2-million-square-foot social-infrastructure P3 that has been called the largest...more
Although the federal government is pouring trillions of dollars into the U.S. economy through stimulus checks and various small business lending programs, these solutions provide only short-term relief and do not provide any...more
5/31/2020
/ Climate Change ,
Community Development ,
Construction Project ,
Coronavirus/COVID-19 ,
Federal Funding ,
Infrastructure ,
Investment ,
Legislative Agendas ,
Mass Transit ,
Public Private Partnerships (P3s) ,
Public Transit ,
Real Estate Development ,
Urban Planning & Development
We previously wrote about the role that P3s can play during a recession and the (albeit limited) infrastructure funding included in the CARES Act. At the time, Congress was continuing to discuss a new, infrastructure-focused...more
For good reason, COVID-19 is dominating the current news cycle, and we will not attempt to either summarize or contribute to the many ongoing discussions regarding the potential magnitude and duration of the economic crisis...more
The coronavirus pandemic is taxing government services and infrastructure in numerous ways, and many of the resulting shortages are well-publicized in the media. Some of those needs are intuitive—increased hospital capacity,...more
We recently wrote an op-ed about the role that P3s can play in mitigating the effects of climate change. In that piece, we explained that an availability-risk model could be used to offload many of the risks associated with...more
2/28/2020
/ Climate Change ,
Construction Project ,
Environmental Protection Agency (EPA) ,
Infrastructure ,
Project Finance ,
Public Funds ,
Public Private Partnerships (P3s) ,
Public Projects ,
Real Estate Development ,
Sewer Systems ,
State and Local Government ,
Transportation Industry ,
Urban Planning & Development
The procurement process for a public-private partnership differs in many respects from the ordinary public-procurement process for goods and services. To be sure, P3s are often large-scale and high-profile, with sophisticated...more
This is the first in a series of posts we’ll be writing for governments thinking of utilizing the P3 model to deliver a public project. (In P3 speak, the government is referred to as the “grantor.”) In future posts, we’ll...more
1/10/2020
/ Construction Project ,
Grantors ,
Infrastructure ,
Project Delivery Methods ,
Project Finance ,
Public Funds ,
Public Private Partnerships (P3s) ,
Public Projects ,
Real Estate Development ,
Real Estate Market ,
Risk Factors ,
State and Local Government ,
Urban Planning & Development
Anteriormente, hemos analizado la forma en que el aprovechamiento de los conocimientos especializados y el financiamiento del sector privado a través de una P3 puede brindar muchos beneficios al público, entre ellos, la...more
We have previously discussed how leveraging private-sector expertise and financing through a P3 can bring many benefits to the public, including faster delivery of new infrastructure, higher-quality maintenance and...more
We recently provided an update on the status of higher-education and social-infrastructure projects being delivered under the P3 model. This update focuses on water and sewer projects—although water and sewer infrastructure...more
After last month’s meeting with Democratic leaders in the House and Senate, President Trump’s $1 trillion infrastructure plan has become $2 trillion....more
A pesar de que las asociaciones público-privadas (P3) se han convertido en el método líder en entregas de infraestructura en varios países alrededor del mundo, incluso Canadá, frecuentemente las P3 son recibidas con...more
Although public-private partnerships (P3s) have become a leading method of delivering infrastructure in several countries throughout the world, including Canada, P3s are often met with skepticism in the United States....more
We have in the past discussed how government contracts are not utilized only to acquire goods and services for the public, but to further public-policy objectives....more
La semana pasada, el Consejo Directivo de Michigan State University autorizó la negociación de un acuerdo de asociaciones público-privadas (P3) con el licitante ganador para una ampliación planificada de las instalaciones de...more
Recently, the Michigan State University Board of Trustees authorized the negotiation of a comprehensive public-private partnership (P3) agreement with the winning proposer for a planned expansion of the university’s health...more
12/31/2018
/ Construction Project ,
Educational Institutions ,
Infrastructure ,
Project Finance ,
Public Funds ,
Public Private Partnerships (P3s) ,
Public Projects ,
Real Estate Development ,
Scientific Research ,
State and Local Government ,
Urban Planning & Development