Tag Archives: P3

Water P3s Now on Tap in South Florida

Florida was an early pioneer in the United States of the public-private partnership (“P3”) model as a means of funding infrastructure improvements. In South Florida alone, we have the Florida Atlantic University dormitory, the $1.8 billion expansion of I-595, the $663 million Port of Miami tunnel and more recently, the Miami Beach Light Rail, to … Continue Reading

Electric-Vehicle Infrastructure: Fertile Ground for P3’s

In 2006, the documentary “Who Killed the Electric Car?” hit the theaters. Ten years later, there remains substantial disagreement on the answer to that question, but one truth has emerged: the electric car lives again. As Electric-Vehicles (EV) range steadily increases while both charging times and prices continue to fall, it appears inevitable that an EV will someday … Continue Reading

P3s and Political Risk: Why Miami-Dade’s P3s Can Weather Political Climates

In an election year, investors pay careful attention to the political environments of jurisdictions that are seeking to develop public private partnerships (“P3” or “PPP”). Investment in pursuing a public infrastructure project could be affected by changing political preferences, thus adding extra risks. As such, investors are sure to invest in states and partner with … Continue Reading

Miami-Dade County Takes P3 Reform Further After Florida Passes New P3 Legislation

After months in several Florida House and Senate committees, the State Legislature finally passed two related bills that were both signed by the Governor at the end of April. Importantly, the first bill, SB 124, establishes uniform processes for public entities to enter into P3 agreements. The second bill, SB 126, creates an exemption for … Continue Reading

U.S. P3 Market is Ripe for Growth

With an aging infrastructure and government budgetary shortfalls, the public private partnership (“P3”) has evolved from novel, to an ever more viable option in order to finance civic projects. The larger and more complex the project, the more attractive P3 becomes as an option projects that may normally be too large or economically unattractive without both … Continue Reading

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

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

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

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

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

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
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