Tag Archives: PPP

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

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

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

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

Miami-Dade County Adopts New Public-Private Partnerships Resolution

Yesterday, the Miami-Dade County Board of Commissioners adopted a resolution establishing a Public Private Partnership Program for the County. Purpose and Policy of the P3 Resolution The stated purpose and policy of the resolution very effectively summarizes the case for public-private partnerships.  The resolution explains that infrastructure “is a vital and foundational element in the … Continue Reading

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

Proposed Florida Public-Private Partnerships Law Continues to Move Through Legislature

We recently wrote about the Florida House and Senate bills regarding public-private partnerships that are currently under consideration.  As a brief update, House Bill 85 was approved on Tuesday by the House Appropriations Committee.  It is next scheduled to be considered by the State Affairs Committee, and from there, it could be considered for adoption … 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

Alternative Water Supply Needed in South Florida

As groundwater all but disappears in South Florida and the region continues to grow, creating alternative water systems is an urgent issue. A recent Department of Economic Opportunity report calls for a strategy to ensure future adequate water supplies without stunting continued development and construction, but many of the large scale solutions require alternative and … Continue Reading

Public-Private Partnerships in Good Times

In prior posts, we have explained that the proliferation of public – private partnerships in recent years has been due, in part, to the financial stresses placed on local governments during that same period of time.  The logic is straightforward enough.  Local governments rely on public facilities, such as ports and convention centers, to generate revenue.  … Continue Reading

Miami Beach Convention Center Seeking P3 for Re-Development

Convention Centers Look to P3s to Become More Competitive Globally The PPP Bulletin recently reported that the city of Los Angeles is considering forming a public-private partnership with a private-sector entity to manage the Los Angeles Convention Center. We recently discussed the advantages of using P3s for large government projects, and a Los Angeles official … Continue Reading
LexBlog