We posted our first installment of the National P3 Update, focusing on higher education and social infrastructure P3s in May. Here is the latest on those projects, and new P3s that have emerged since then. State of Hawaii Entertainment District: The State of Hawaii has announced that it will be issuing an RFQ at the … Continue Reading
The Alabama Department of Transportation recently released a “Myth Busters” communication in response to recent criticism of the agency’s plans to deliver a new bridge and byway project as a public-private partnership. ALDOT’s response focuses on common misconceptions about how the tolls will be imposed and why tolls are necessary for this particular project (which is, … Continue Reading
We have extensively written about how public-private partnerships (“P3s”) offer better, more efficient solutions to public infrastructure needs, and about how, given their effectiveness, they’ve become a preferred method for funding and managing infrastructure projects in and outside of the U.S. P3s, in short, effectively leverage private funding and expertise with government resources to more … Continue Reading
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 operations, and lower lifecycle costs. However, in order to take full advantage of the P3 model, a government must ensure that it has the right internal … Continue Reading
Bilzin Sumberg is pleased to share the results of the 2019 South Florida Opportunity Zone Survey and subsequent Forum that we co-hosted with Urban Land Institute Southeast Florida/Caribbean (ULI SE FL/Caribbean) on June 5, 2019. The Report captures the perspectives of developers, investors, and other professionals who specialize in real estate and finance in Florida, to delve … Continue Reading
We previously wrote about whether and how public-private partnerships (P3s) could be the answer to U.S. infrastructure issues and the many ways in which the P3 delivery model provides unique value. While P3s are used in a variety of sectors of infrastructure development, energy and power projects particularly lend themselves to the P3 delivery model. … Continue Reading
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 is rarely given much attention, its proper operation is obviously critical to our well being. Unfortunately, many of our nation’s water and sewer systems … Continue Reading
In the last twelve months, four national public-private partnerships (“P3s”) have been financed in the U.S. private placement market, accounting for over $800 million in project cost financing. While there has been a shift towards private placement investors as a P3 financing source, the market activity in the last year has confirmed investor appetite in … Continue Reading
We have written about how the public-private partnership (P3) project delivery model can and should be used to meet infrastructure needs. Because P3s are constantly being considered and tested all over the country, we wanted to provide an update on the status of these projects so that interested stakeholders can easily keep an eye on … Continue Reading
After last month’s meeting with Democratic leaders in the House and Senate, President Trump’s $1 trillion infrastructure plan has become $2 trillion. As the legislature continues to digest the plan, many are beginning to raise questions about the plan’s viability. The fundamental issue is a predictable one–$2 trillion is a big number, and legislators are … Continue Reading
In 2017, President Trump issued an executive order entitled “Buy American and Hire American” which stated a commitment to do just that. Earlier this year, expanding on this policy, President Trump issued an executive order entitled “Strengthening Buy-American Preferences for Infrastructure Projects.” This order requires federal agencies to encourage contractors working on infrastructure projects that … Continue Reading
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. Even though there is an ever-growing list of P3 successes (including several multi-billion dollar infrastructure projects that were completed ahead of schedule and below budget, … Continue Reading
In the next few years, Miami-Dade County is expected to spend 1.5 billion dollars on upgrades to Miami International Airport. We recently wrote about Miami-Dade County’s SMART Plan, which will revitalize our transportation system and implement smart city technology. Now, through public-private partnerships, the County has the opportunity to bring this technology to Miami International … Continue Reading
Under current legislation, tax-exempt and other low cost financing solutions are not typically available for social infrastructure projects. The resulting higher cost of capital for social infrastructure projects raises viability concerns when the public sector procures projects with private sector-driven financings. As a result, historically, social infrastructure P3s have been outpaced by their surface transportation … Continue Reading
Last week, 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 and research facilities at the Grand Rapids campus. The decision marks one of many recent success stories for higher-education P3s. We previously wrote about a … Continue Reading
We have previously discussed the State of Florida’s P3 law, which broadly authorizes private firms to submit unsolicited proposals to state and local agencies for a wide variety of public services and facilities. The concept behind an unsolicited proposal is simple enough. The private sector is constantly innovating. As a result, the government may not have … Continue Reading
Bilzin Sumberg’s 2018 South Florida Redevelopment Conference highlighted emerging development trends and the latest changes in the South Florida market. Panel discussions covered successful strategies and unique opportunities for redevelopment in South Florida, including real estate P3s, transit-oriented development, tax strategies for real estate developers, development within opportunity zones, and the many faces of adaptive … Continue Reading
On October 5th, Bilzin Sumberg hosted its first-ever South Florida Redevelopment Conference. The conference kicked off with “Cafecito with the Mayors,” where Bilzin Sumberg’s Managing Partner-Elect and leader of the Firm’s P3 Practice, Albert E. Dotson, Jr., spoke with Miami-Dade County Mayor Carlos A. Gimenez and City of Miami Mayor Francis X. Suarez about development … Continue Reading
We have previously blogged about the many recent legislative developments in Florida and the Miami area, with a focus on legislation that is designed to facilitate public/private development projects (P3). Although an increasing number of P3 projects are now in various stages of development, the success of Florida’s legislative effort can also be seen in … Continue Reading
We have previously written about Miami-Dade County’s proposed SMART plan, a massive, six-corridor expansion of the existing heavy rail system, and the benefits of delivering all or portions of the project as a public-private partnership (P3). This month, the County Mayor released an updated multiyear transportation pro forma that identifies $8.457 billion in available funding … Continue Reading
We recently wrote about Miami-Dade County’s proposed resolution that would designate the areas within the County’s SMART Plan corridors as “Areas of Countywide Significance.” The Board of County Commissioners has since adopted that resolution, allowing the County to maintain regulatory jurisdiction and facilitate development within the SMART Plan corridors. Passage of that resolution has set … Continue Reading
Ride-sharing has become a primary mode of transportation in many cities and for many people and is possibly the most visible evidence of the ways that technology is transforming transportation. Now, the ride-sharing apps are taking it one step further in a move that will provide a boost to Miami Dade County’s SMART plan, which … Continue Reading
The Florida First District Court of Appeal recently decided Crapo v. Provident Group-Continuum Properties, LLC, which sets forth a rule that should result in more favorable property-tax treatment for P3s in Florida. In general, an economic disadvantage facing privately-owned projects, as compared to publicly owned projects, is the imposition of real estate taxes, which are … Continue Reading
Last week, the Rand Corporation, which just completed an analysis of the federal bid-protest system, announced that one thing the federal government has been doing particularly well is resolving bid protests quickly–the majority within 30 days. As we’ve explained in a prior post, a bid protest is a proceeding where a bidder for a government … Continue Reading
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