UConn Health issues solicitation for P3

Connecticut- University of Connecticut (UConn) Health is the state’s public academic health center, which includes John Dempsey Hospital, UConn School of Health, UConn School of Dental Medicine, The Graduate School, UConn Medical Group, dental clinics, research laboratories and more. This week, the health system took a step in pursuing a public-private partnership (P3) by releasing a national solicitation of interest letter. The letter is a request for proposals from health organizations across the country interested in partnering with the Farmington-based health system.

The General Assembly passed legislation in June 2017 requiring UConn Health’s Board of Directors to begin the process of establishing a P3 and to submit a report to the legislature by April. The three-page report summarized the network’s efforts, the rationale for the partnership and the process needed to move forward. UConn Health was established in 1961. In recent years, the health network opened its $203 million outpatient pavilion – a 300,000 square-foot facility – and the $318 million inpatient University Tower, which has 169 inpatient beds. The 384,000 square-foot tower was funded through general obligation state bonds. UConn Health’s annual budget has been about $1 billion over the last five years – with about 22 to 24 percent coming from state appropriations.

New Memphis art museum to become centerpiece of riverfront development

Tennessee- The Memphis Brooks Museum of Art issued a request for qualifications (RFQ) to design a new campus in downtown Memphis. The new riverfront development will include a museum with a theater, an event space and a larger store selling books and gifts. The campus would take up the city block where the fire department headquarters and a fire station sit.

A new museum campus will aid the city’s Memphis Bicentennial Gateway Project, intended to connect public spaces and attractions along the riverfront. Museum representatives estimate the cost of designing and constructing the campus to be $105 million and anticipate opening the facility in 2024. Responses to the RFQ are due by Nov. 2.

$290 million plan proposed for Omaha’s Riverfront Revitalization

Nebraska– Omaha’s Riverfront Revitalization Planning Committee is proposing a $290 million plan to revitalize the city’s downtown riverfront. The master plan includes a walking promenade stretching to the Missouri River, spacious lawns, an ice skating rink, water plaza and dog park.

 

The project will create a 90-acre park along the Gene Leahy Mall and river, from the marina near the Bob Kerrey Pedestrian Bridge south to The Breakers apartment complex at Leavenworth Street. The city’s philanthropic community has verbally dedicated more than $150 million and the city plans to issue $50 million in lease-purchase bonds for the project. Construction will depend on permitting and approvals but could begin as early as mid-2019 with estimated completion in 2022.

Los Angeles considers P3 for $708M Civic Center

California– The former Los Angeles Police Department headquarters, Parker Center, will soon be developed into a new Civic Center Building. The total cost of the project is now slated at $708 million. The city’s Municipal Facilities Committee has recommended that the city pursue a public-private partnership (P3) to oversee construction, financing and maintenance of the new building. Plans call for erecting a 27- to 29-story tower offering 753,740 square feet of office space and underground parking for 1,100 vehicles.

 

The cost of construction, maintenance and operation of the proposed building is projected to range from $915 million to $943 million over three decades, at which point the building would shift to city control. The new building is the first phase of Los Angeles’ Civic Center Master Plan, approved by the city council in March. The plan calls for six phases of development to bring 1.2 million square feet of additional office space, along with residential options and retail hubs to the area. The approved proposal calls for demolition of the existing structure by December 2019, and an estimated completion of the new construction by 2023.