Purdue University plans P3 housing for students

Indiana– Purdue University is pursuing a public-private partnership (P3) for student housing. The request for proposals (RFP) issued earlier this month details plans to add 1,100 beds without demolishing any existing housing facilities on campus. The residence hall at Fourth and Russell will be approximately 500 beds and the residence hall south of Meredith will be approximately 600 beds.

 

The private partner will develop, design, build, finance, operate and maintain the six-story dorms needed for undergraduates at the West Lafayette campus. The university intends to have the project completed by the 2020-2021 school year. The administration decided on a P3 to cut down on the projects expected timeline. Bids are due by April 20.

City of Warren to develop $125M walkable downtown

Michigan– The city of Warren is seeking a developer to build a walkable downtown around its city hall and a raised, enclosed, climate-controlled pedestrian bridge to draw in nearby foot traffic. The city will issue a request for proposals April 9 to create this walkable downtown, which is likely to cost $125 million or more. The 16 acres of walking space will run along Van Dyke Avenue and across from a technical center for motor vehicles.

 

Warren’s Town Center proposal will include a luxury hotel, upscale grocery store, residential units and assorted retail stores. The city of Warren plans to seek grants, offer tax incentives and work with the Michigan Economic Development Corporation to contribute to the cost of the project. The city’s Downtown Development Authority approved $4.6 million for infrastructure improvements in the area.

Feasibility study considered for foot-ferry service

Washington State– The Tacoma City Council is considering plans for a foot-ferry service to transport commuters between Tacoma and Seattle. A request for qualifications was issued on Feb. 22 for a consultant to conduct a feasibility study for the project. The deadline for responses is March 27.

Once the deadline passes, the Pierce Transit Board of Directors will then have up to 120 days after the deadline to vote whether to authorize funds to move forward with the study and award a contract to a consultant or consultants. If the feasibility study is approved, the project would begin this summer. The city council hopes to have the results of the study by the end of the year.

 

City of Bloomington considers P3 for future of landmark

Illinois– The city of Bloomington is deciding on a potential re-use for a building in the downtown area that an insurance firm is vacating. One suggestion for the 89-year-old structure is a new city hall, while others call for office space and light retail. While the exact designation is unclear the size of the building would make it a good fit for a public-private partnership (P3).

 

The insurance company is finishing up renovations on the building this month that include upgrading the lighting, cafeteria, restrooms, wiring and heating. The city plans to take up the topic along with a library-transit project at its upcoming city council meeting. The project would involve tearing down the Market Street parking garage and building a new library and transit hub in its place.