Archives: Public-Private Partnerships

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PortMiami Hoping to Continue P3 Success

A new public private partnership (“P3″ or “PPP”) is coming to PortMiami. Royal Caribbean Cruises, LTD (“RCCL”) seeks to design, build, finance, operate, and maintain a new cruise terminal in the northeast section of the Port. RCCL’s plans have been preliminarily memorialized in a non-binding Memorandum of Understanding that was approved at this Wednesday’s Miami-Dade … Continue Reading

New Spanish Language Blog Captures Essence of “New Miami”

Bilzin Sumberg has launched Nuevo Miami, a Spanish language publication of the New Miami blog. Nuevo Miami focuses on sharing ground-level insights about the gateway city’s continually growing opportunities for foreign investors and expanding global significance as an international center of commerce. International Group Co-Chairs, José Ferrer and Javier Aviñó, serve as editors on the … Continue Reading

Miami-Dade County Proposed Budget Confirms Dedication To P3s

Last week Miami-Dade County Mayor Carlos Gimenez introduced the County’s FY 2015-16 Proposed Budget and Multi-Year Capital Plan. A review of the budget’s line items confirms the County’s dedication to the use of public-private partnerships (“P3s”) in executing its ambitious capital improvement plans across the board. The County has allocated $250,000 for P3 consulting support … Continue Reading

Is Urban Renewal Miami’s Next Economic Engine?

Miami may soon join the ranks of other major U.S. metropolises boasting innovative urban trail projects that have transformed neighborhoods and ignited a firestorm of private investment. The Underline, a proposed development catalyzed by the nonprofit group Friends of the Underline in partnership with Miami-Dade County, will convert the underutilized land below the County’s Metrorail … Continue Reading

Miami’s Green Spaces Are Prime Assets for Public-Private Partnerships

On March 29, 2015, the Transportation and Infrastructure Committee of the Greater Miami Chamber of Commerce, of which Bilzin Sumberg is a member, hosted an event that discussed infrastructure plans that would increase Miami’s walkability and bikeability. In addition to increasing modes of mobility, the plans that were discussed would also allow Miami to recapitalize … Continue Reading

Rising Traffic Concerns Could Provide Cash Flow Stability for Miami’s Transportation P3 Solution

With plans to reduce Biscayne Boulevard to fewer lanes to allow for the creation of a promenade and bicycle lanes in Downtown Miami, some are arguing that the need for public transportation options cannot be clearer. The drivers in Miami-Dade are in desperate need of public transportation options that will reduce commute times, improve quality … Continue Reading

White House Proposes New P3 Financing Tool: Qualified Public Infrastructure Bonds (QPIB)

Last month, the Obama administration proposed the creation of a new kind of municipal bond — Qualified Public Infrastructure Bonds (QPIB), as a way to extend the benefits of municipal bonds to public private partnerships. Presently, the government has in place the Private Activity Bonds program, which has been used by local and state governments … Continue Reading

P3 Hub South Live Blogging – Join the Conversation

Bilzin Sumberg, in partnership with P3 Bulletin, is proud to host P3 Hub South, a two-day conference bringing together top national and international players in the public sector, including U.S. government agency officials, mayors and local government staff, and leading global public-private partnership (“P3″) innovators in the private sector, including investors, developers, construction firms and … Continue Reading

A Digital Encyclopedia: Bilzin Sumberg’s Blogosphere

Bilzin Sumberg prides itself as being the go-to firm for domestic and international investors and corporations doing business in Florida and beyond. We aim to provide our clients with legal and business insight into the industries and areas they work in through our various blogs, which hone in on key issues or areas of interest … Continue Reading

Florida: A Model for P3 Legislation

The challenge posed by deteriorating infrastructure in communities throughout the United States has received increasing attention in recent years.  While roads and bridges are crumbling and important civic spaces such as convention centers are in desperate need of retrofit, infrastructure budgets at all levels of government are shrinking.  In this climate, public-private partnerships (“P3s”) have … Continue Reading

Canada’s P3 Success

Guest blog post written by Marc-André Hawkes, Senior Trade Commissioner, Canadian Consulate General in Miami. Thinking of Canada conjures up a variety of images. Some will picture soaring mountains and crystal clear lakes surrounded by snow; others will focus on the world’s strongest banking sector and low corporate tax rates; while others still may have eyes only for the … Continue Reading

New Miami Breakfast Insights

Our New Miami Breakfast, “Miami: The Next Entrepreneurial Frontier,”  was heavily attended by nearly 200 of Miami’s business community members. Our co-moderators, Bilzin Sumberg Partners Javier Aviño and Melissa Pallett-Vasquez, touched on Miami’s initiatives to attract both entrepreneurs and investors, before our esteemed panelists dove in. Matt Haggman, Miami Program Director of The Knight Foundation, discussed some of the … Continue Reading

Growing Trend: Private Investment in Infrastructure and Transportation

As P3 Bulletin, the New York Times and Richard Cavallaro, the new CEO of  international construction company Skanska’s US operations, have recently stated, the increase in private investment and Public Private Partnerships (PPPs or P3s) bodes well for the plans to develop and implement much needed infrastructure and transportation upgrades around the United States. As … Continue Reading

Miami: The Next Entrepreneurial Frontier

We spend a lot of time looking into where our city is headed on our New Miami blog, and we are truly excited about the opportunities for innovation in Miami. On the heels of the success of various events focused on entrepreneurship in Miami, such as eMerge Americas Techweek and the Knight Foundation’s Start-Up City, … Continue Reading

The Port of Miami Tunnel is Open!

The Port of Miami Tunnel’s opening on Sunday, August 3, 2014 marked a rousing day for Miami. Not just because police cruiser sirens, motorcyclists and tractor trailers inaugurated new, underwater lanes for thousands of vehicles to soon follow, but because it signaled a great accomplishment in the world of public-private partnerships that will benefit Miami … Continue Reading

Why Miami?

Guest blog post written by Will Corbin of The Beacon Council. On July 23, more than 200 people attended The Beacon Council’s New Leaders Taskforce “Why Miami?” panel discussion, which provided an overview of Miami and its business and civic assets. The program was geared towards young professionals who are new to the Miami area, … Continue Reading

Infrastructure Investment Through P3s

Last month, a roundtable policy discussion on ways the financial community can invest in infrastructure using public-private partnerships (also known as P3s or PPPs) took place in New York City. The panel, chaired by U.S. Rep. John J. Duncan, highlighted the current need across the U.S. to re-invest in infrastructure, including highways, water infrastructure, airports and … Continue Reading

City of Miami Adopts Public-Private Partnership Ordinance

The City of Miami has recently adopted a public-private partnership (“P3″) ordinance. The new City ordinance, combined with the recently passed Florida state P3 legislation, and Miami-Dade County P3 resolution, continue to endorse the usage of public-private partnership as a procurement method for public projects in South Florida. Such timely legislative activity facilitate the financing of … Continue Reading

P3s are a Viable Tool for Convention Center Development

South Florida has long been a leading destination for conventions and trade shows, and the convention market is extremely competitive.  As other cities have expanded and modernized their convention centers, ours have remained stagnant. It has been noted that the South Florida region no longer effectively competes for the events that bring the highest economic … Continue Reading

Miami-Dade Keeping up with National P3 Trends

As discussed in our last post about national and local developments in public-private partnership (P3) legislation, Florida is keeping up with the P3 trend and Miami-Dade County is not far behind. Miami-Dade’s Citizens Independent Transportation Trust (CITT) has expressed support for exploring P3s as an option for providing much needed transportation solutions to the County. … Continue Reading

P3 Legislation a Hot Topic at the Florida Logistics & Trade Conference

Public-private partnerships (P3s) received significant attention at the 2014 Florida Logistics and Trade Conference.  The overall consensus of the conference’s P3 Panel, which was moderated by Albert Dotson, is that the state of Florida has cultivated a positive climate for P3s to thrive. Florida is prime for new infrastructure development and has established itself as … Continue Reading

Florida’s Revenue System Outlined in New Report

The Leroy Collins Institute has published a report that outlines their view of the state’s revenue system and its potential misuse. The report, entitled “Tougher Choices: Shaping Florida’s Future,” builds on a 2005 Institute report which warned that the state’s revenue system was overly reliant on the booming housing market and influx of construction due … Continue Reading

Miami Light Rail System May Become a Signature P3

Plans of New Passenger Rail Link from Miami-to-Miami Beach On several occasions we have written about transportation public-private partnerships in the Miami area. These have included posts on red-light cameras, passenger rail, UniversityCity at FIU, and other related topics. Several months ago, we discussed the possibility of new public private partnerships for public transportation systems, which have in recent years … Continue Reading