LaGuardia Airport in New York is being renovated through what may be the largest public-private partnership (P3/PPP) in the country. Construction is underway on the $4 billion project, which will scrap the current hub-and-spoke design of the main terminal and replace it with two islands of gates connected to the main terminal building with pedestrian bridges. All of the design, construction, operation and maintenance of the new terminal will be carried out by a group of private companies who are funding $2.6 billion of the construction costs and will operate the terminal through 2050.
The city of Maryville and Northwest Missouri State University have formed a public-private partnership (P3/PPP) to build a $20 million multipurpose complex. Plans call for a 137,250 square-foot facility with recreation and exhibition space, an indoor flooring system, 100-yard practice turf, 300-meter indoor competition track, spectator seating and tiered meeting rooms. The site will be located on the university campus but will be open to the community. The project will be funded with combined support from the university, community and private sources.
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.