Denver considers P3 office for vetting large projects

Colorado– Denver has a $1 billion plan for the National Western Center campus. The only issue is, funding subsequent phases of the project. City leaders are considering a series of public-private partnerships (P3) for those projects. Part of the plan includes creating an office dedicated to vetting and overseeing such projects. Projects deemed large enough to warrant P3 treatment would go through five stages: planning, screening, structuring, procurement and implementation. The office would include an executive director, an attorney and a financial specialist.

 

The city budgeted $2.5 million for the creation of a P3 office but it requires council approval. The city’s portion of the campus project amounts to $765 million but the remaining balance is unfunded. Later phases that need funding call for a 10,000-seat arena, a large exposition hall, the redevelopment of the Denver Coliseum and the retrofitting of the century-old Stadium Arena to turn it into a market.

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.

New Hanover County seeks P3 for ‘Project Grace’

North Carolina– New Hanover County is exploring the option of entering into a public-private partnership (P3) for redevelopment of a 3-acre county-owned block in downtown Wilmington. The county issued a request for qualifications to find the most qualified project teams. The top teams will be invited to submit a full development proposal by December.

 

The county has envisioned a public library, Cape Fear Museum, usable green space and a parking deck. A space needs analysis was recently conducted to identify the needs of both the museum and library. In the new fiscal year, the county plans to conduct a separate study to determine the future use of the existing museum site on Market Street. Proposals will be reviewed at the beginning of 2019 for “Project Grace” and the public will then be given the opportunity to provide input.

San Francisco seeks P3 for city-wide fiber network

California– San Francisco is moving ahead with plans for a public-private partnership (P3) to build a city-wide fiber network that will encompass the almost 47-square miles of the city. The city has issued a request for information (RFI) for the project and also plans to select five proposals by April 30. The city will then issue a follow-up request by the end of the year for three proposals to enter into the design phase. Early estimates put the cost of the project around $1.9 billion.

 

The network would be owned by the city but built and managed as a P3 – an arrangement that allows the city to alleviate some of the costs and risks of creating a brand-new utility. The city would maintain significant control over the price consumers would pay if they sign up for the service. The new network is expected to include subsidized rates to close the digital divide for low income residents. Currently about 100,000 residents of the city don’t have internet in their home.