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.