Public housing projects get $34M renovation

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.

S.C. P3 builds tech college

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.

New Mexico P3 to improve downtown

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.

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.