Warm weather and great events seemed to lure visitors this spring as Miami ranked #1 in March among the top 25 markets nationally for Average Daily Rate (ADR) at $238.12, Revenue Per Available Hotel Room (REV PAR) at $212.20 and Hotel Room Occupancy at a high 89.1%. Even more telling, the ADR increased 14.4% and… Continue Reading
Tag Archives: PortMiami
New Legislation Facilitates Public-Private Partnerships
Earlier this month, the Florida legislature passed House Bill 85, which establishes statewide authorization and procedures for public-private partnerships. The law, which will be encoded as Section 287.05712, Florida Statutes, authorizes counties, municipalities, school boards, and other political subdivisions and entities to form public-private partnerships with the private sector to develop, operate, or maintain any facility… Continue Reading
New Federal and State Programs Will Boost Public-Private Partnership Development
President Obama Emphasizes the Value of Public-Private Partnerships Last Friday, President Obama visited Miami and, speaking at the Port of Miami, detailed his proposals for increased public-infrastructure spending through public-private partnerships. Although the President envisions traditional financing approaches for certain projects, he continues to emphasize the importance of P3s to rebuild our aging infrastructure and… Continue Reading
Public-Private Partnerships, Seaports, and The New Normal
Posted in Public-Private Partnerships 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 to Hurricane Sandy, transportation projects, water recycling facilities, airports, and everything in between. For the same reasons that P3s are… Continue Reading
Port Miami’s Development Improve Sea, Road, and Rail Access
Posted in Public-Private Partnerships We recently mentioned the Port of Miami’s ambitious development plans in the context of the several major public projects taking place in South Florida. Among these projects, it is clear that the activity at the Port is of the greatest interest to the Miami development community and, indeed, often appears to be the topic of… Continue Reading
P3s Everywhere You Look
Posted in Construction, Public-Private Partnerships There are currently a lot of construction hats at Miami-area transportation facilities. The Miami International Airport has recently opened its newly constructed North Terminal and new MIA Mover people mover system, and construction is underway of the Miami Intermodal Center, a massive ground transportation hub connecting the airport to Metrorail, Metrobus, rental cars, etc. Not… Continue Reading