Los Angeles P3 to use $10.5M to revitalize Koreatown

The Los Angeles County Board of Supervisors approved $10.5 million for the first phase of a plan to revitalize a blighted area of Koreatown.

Pre-development will begin for a proposed 400,000-square-foot headquarters for the Department of Mental Health, 72 units of senior housing and a community center. Additional plans call for new offices for the Department of Parks and Recreation and the Department of Community and Senior Services.

The project is a public-private partnership (P3/PPP) that includes the developer and a nonprofit service provider.

Boynton Beach planning PPP for redevelopment

The city of Boynton Beach, Fla., is seeking design teams to participate in a public-private partnership (P3/PPP) to redevelop the Town Square area, a four-block, 17-acre site east of Interstate 95.

Additional proposals are being requested after the city received two unsolicited proposals for the project.Requirements include a public event lawn, amphitheater and public gathering space; an entrance and gateway feature at Ocean Avenue and Seacrest Boulevard; and street enhancements and on-street parking on those streets.

The area will be developed as the city’s downtown. Redevelopment proposals must in some way include an historic high school (ca. 1927), a new 50,000-square-foot city hall and green space. The existing library and Schoolhouse Children’s Museum and Learning Center must remain on the site. The city is open to moving the current police department and Fire Station No. 1, which are in the redevelopment area.

City officials are also considering building a combined police and fire station. Once a request for proposals is created and approved by the city commission (probably by September), another six months of negotiations will likely follow. Thus, construction could be a full year away, according to City Manager Lori LaVerriere.

Although a total cost for the project is not yet known, city officials say a new city hall would carry a price tag of between $15 million and $18 million, a new police building would cost between $25 million and $30 million and the price tag for a new fire station would be between $3 million and $5 million.

Electric vehicle adoption to accelerate under White House P3 plan

Just days after the U.S. Department of Energy’s (DOE) Sustainable Transportation Summit earlier this month, the White House has released a framework for public-private collaboration to accelerate the adoption of electric vehicles and construction of electric vehicle infrastructures.

The framework for collaboration was created by the White House, DOE, Department of Transportation, Air Force, Army and Environmental Protection Agency. It is meant to include vehicle manufacturers, electric utilities, electric vehicle charging companies and states working under a set of Guiding Principles to Promote Electric Vehicles and Charging Infrastructure.

The initiative includes unlocking up to $4.5 billion in loan guarantees and inviting applications to support the commercial-scale deployment of innovative electric vehicle charging facilities; developing a 2020 vision for a national network of electric vehicle fast charging stations; a call for state, county and municipal governments to partner with the federal government to procure electric vehicle fleets at a discounted value; and publishing a guide to federal funding, financing and technical assistance for electric vehicles and charging stations.

In the past eight years the number of plug-in electric vehicle models increased from one to more than 20, battery costs have decreased 70 percent and the number of electric vehicle charging stations has increased from less than 500 in 2008 to more than 16,000 today – a 40-fold increase.

Nearly 50 industry members signed up to follow the Guiding Principles, including numerous energy companies, electric car manufacturers, the states of New York and California, the National Association of State Energy Officials, the Electric Drive Transportation Association and others.

One of the signers committed to installing electric vehicle supply equipment in its Eastern Washington service territory, as part of a two-year pilot program recently approved by the Washington Utilities and Transportation Commission.  Provided full participation levels, the company expects to install a total of 272 EVSE connection ports in approximately 200 different locations: 120 in residential homes, 50 at workplaces and 30 in public locations, including seven DC fast chargers to enable regional EV travel.

New Mexico’s largest electricity provider will provide the associated infrastructure to the City of Albuquerque for its purchase of an all-electric bus fleet for the soon-to-be-built Albuquerque Rapid Transit system. The project is the first of its kind in New Mexico and the first all-electric Bus Rapid Transit system in the United States.

The world’s largest network of EV charging stations committed up to $20 million toward the deployment of a national network of high-speed charging stations as part of a public-private partnership. This includes research and development investments, site identification, smart city deployments and DC fast charger corridors. The company will work with the DOT, other federal, state and local government agencies and private entities to determine the optimal location for such high-speed charging stations and to secure financing from private entities and through public-private partnerships.

Indiana 10-year plan supports P3s, innovation

A 10-year plan for Indiana to invest $1 billion in innovation through public-private partnerships (P3s/PPP) and startups was recently announced by Gov. Mike Pence. Pence indicated that these innovations will be bolstered by tax incentives and grants and will depend on collaborations among government, education and research institutions, communities and the private sector.
“Indiana’s thought leaders, job creators and public-private partnerships are making tremendous strides in innovation and entrepreneurship today,” Pence said, adding that he is hopeful that this 10-year plan will create even more interest.
Some of the highlights of the plan include working with the state’s secondary schools to encourage students to develop an interest in innovation and entrepreneurship; supporting education, research and entrepreneurial practice at the state’s post-secondary education and research institutions; and expanding opportunities for small businesses.
The state’s efforts to institute the plan will be led by the Indiana Economic Development Corp. Pence said he will ask the State Legislature to invest $500 million of the Indiana Public Retirement System investment fund into early-stage and mid-market Indiana companies and continue its $30 million annual investment in the state grant fund for such companies. He also is seeking two $100 million investments over 10 years  toward the venture capital investment tax credit as well as toward innovation and entrepreneurship education programs.