Redondo Beach, Calif., officials moved forward with a waterfront revitalization plan after rejecting an appeal from a slow-growth group. The plan includes infrastructure repairs estimated at $108 million. As part of a public-private partnership (P3/PPP) agreement, the city is working with a developer on a $250 million, 35-acre project. The development includes public space, improved beach and swimming areas, a public market, theater, hotel, boardwalk and retail space.
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Pennsylvania’s Montgomery County Housing Authority has entered into a public-private partnership (P3/PPP) to renovate two affordable housing projects. A development partner will lease the land from the housing authority and own and operate the housing units at Crest Manor in Willow Grove and North Hills in Glenside. The P3 will spend $17 million on each project to upgrade the units built in the 1950s and 1960s.
South Carolina’s Oconee Alliance announced the construction of the Oconee campus of the Tri-County Technical College will begin in April. The alliance is a public-private partnership (P3-PPP) for economic development. An additional project, a career development center that will be built adjacent to the campus, will begin in 2018. Officials estimate the cost of the campus to be $5 million.
The city commission of Tucumcari, N.M., has approved a contract with a design firm to develop a plan for improving the downtown area.
The firm will assess current conditions downtown, provide a marketing analysis and develop a vision and master plan.
The plan should provide for a public-private partnership (P3/PPP) with the goal of reducing the number of unused buildings downtown.