Prince George’s County explores P3 for school projects

Maryland-The Prince George’s County Council has adopted a council resolution, CR-33-2018, establishing a Public-Private Partnership (P3) Alternative Financing School Infrastructure Work Group to explore a P3 concept for school construction and replacement projects in the county. The 2018 Maryland General Assembly also enacted Senate Bill 92 this session, establishing an incentive pilot program to encourage local school systems in three counties, including Prince George’s, to pursue innovative, public school construction projects. The P3 Work Group will identify projects and solicit private-sector support by working with the school system and county executive to hire a consultant to create the structure to launch a P3. It is anticipated that five to seven projects may be initially identified.

 

Under the legislation, the P3 Work Group will provide quarterly status reports summarizing the status of implementation, key initiatives or studies planned and an estimated timetable for delivery of recommendations for program implementation. The first quarterly report will be due on Oct. 1, 2018. The Prince George’s County Council also approved a record $4.09 billion in spending for fiscal year 2019, an increase of $215 million, or 5.5 percent over the current budget. If the budget is approved by county executive Rushern Baker III, the spending plan will take effect on July 1.

New Hanover County seeks P3 for ‘Project Grace’

North Carolina– New Hanover County is exploring the option of entering into a public-private partnership (P3) for redevelopment of a 3-acre county-owned block in downtown Wilmington. The county issued a request for qualifications to find the most qualified project teams. The top teams will be invited to submit a full development proposal by December.

 

The county has envisioned a public library, Cape Fear Museum, usable green space and a parking deck. A space needs analysis was recently conducted to identify the needs of both the museum and library. In the new fiscal year, the county plans to conduct a separate study to determine the future use of the existing museum site on Market Street. Proposals will be reviewed at the beginning of 2019 for “Project Grace” and the public will then be given the opportunity to provide input.

Douglasville considers P3 for downtown redevelopment

Georgia– Douglasville is focused on redeveloping the north side of its downtown area. The study area is bounded by Mill Creek, Malone Road, Huey Road, Strickland Street and Cedar Mountain Road. One project getting attention is the old Douglas County Jail, which the city purchased last year for $850,000. After a meeting to solicit public feedback on city development last week, the city has considered requesting public-private partnerships to redevelop the older areas of the city. In the current model of the city’s Master Plan, the jail site is considered Phase I.

 

The old jail building would be demolished, and the space would be used as a green space with an amphitheater and retail shopping. A timeline for the jail project will be released in the coming weeks. The city expects to invest $1 million in special-purpose local-option sales tax funds in community development over the next few years.

CTDOT proposes train station on Wall Street

Connecticut– The Connecticut Department of Transportation (CTDOT) has considered adding a new train station near Wall Street. For decades, the New York, New Haven and Hartford Railroad operated a train station at 47 Wall St. The train station is long gone, but the building and railroad tracks beneath the building remain in use. Bringing a train station back to the Wall Street area required approval by the CTDOT and the Metropolitan Transportation Authority, which oversee operation of Metro-North Railroad.

 

The Wall Street Neighborhood Association formed this spring to offer the city help and input on restarting the stalled redevelopment project known as Wall Street Place. The neighborhood association has proposed a public-private partnership for the project which would add a stop to the city-owned Mechanic Street parking lot. The State Bond Commission has approved $275,000 to study such a station. The project would include construction of a sidewalk and installing of lighting in the lot alongside the Metro-North’s Danbury Line tracks. The new stop would be the fifth in the area.