Tag Archives: P3

The Regents of the University of California Reaches Commercial and Financial Close on UC Merced 2020 Project

The Regents of the University of California reached financial close on the UC Merced 2020 Project on August 16, 2016.  The project is the first higher education availability payment P3 project to be awarded in the United States, and may well serve as a template for future higher education capital projects, both within the UC … Continue Reading

National Council for Public Private Partnerships asks “What’s Next?” at its Annual P3 Connect Conference

The National Council for Public Private Partnerships, reengineered its 2016 “P3 Connect” annual conference June 27 to 29, 2016, posing the question “What’s Next” for public-private partnerships in the United States.  NCPPP (as it is widely known in the P3 space) launched four Institutes to offer answers.  NCPPP created four separate Transportation, Energy, Real Estate … Continue Reading

UPDATE: A New Color to be Added to Mid-Atlantic Transit: The Maryland Purple Line

On April 6, 2016, the Maryland Board of Public Works unanimously approved the public-private partnership (“P3”) agreement for the Maryland Purple Line light-rail transit project, concluding the 30-day review period described in our previous blog.  The contract documents previously signed by the concessionaire have now been signed by the Maryland Department of Transportation’s (MDOT) Secretary … Continue Reading

Illinois Bill Looks to Significantly Expand Use of P3s

The Illinois Senate is currently reviewing a bill that would greatly expand the authority of public agencies in Illinois to enter into public-private partnership (P3) agreements.  To date, such authority has been limited to the Illinois DOT, the State Toll Highway Authority and, in limited circumstances, local governments. Democratic Senator Heather Steans introduced the bill … Continue Reading

A New Color to be Added to Mid-Atlantic Transit: the Maryland Purple Line

On March 2, Governor Larry Hogan and Maryland Department of Transportation (MDOT) Secretary Pete Rahn “greenlighted” procurement of the Purple Line by MDOT and the Maryland Transit Administration (MTA).  The contract has been posted and is scheduled for review by the Maryland Board of Public Works in early April. Part of the region’s ambitious transit … Continue Reading

Financial Trade Secrets Exemption from Florida’s Sunshine Laws

Introduction On Wednesday, February 24, 2016, Florida’s Governor Rick Scott signed two bills which exempt trade secret financial information from the state’s Sunshine Laws. The change is significant in a state known for expansive open records and meetings laws, and should provide comfort to private sector participants pursuing P3 projects and otherwise doing business in … Continue Reading

Cities and State Legislature Organizations come together in Washington to Tout P3s during Infrastructure Week, 2015

As part of Infrastructure Week, 2015, several interested organizations banded together for an afternoon meeting on Monday, May 11, that focused on public-private partnerships as a way out of the infrastructure crunch.  Projects, big and small, stand to benefit from engaging the private sector to solve an array of infrastructure challenges.  The event was hosted … Continue Reading

University of California Issues Draft RFP for UC Merced 2020 Project

The Regents of the University of California, on behalf of the University of California, Merced, issued a draft Request for Proposals (RFP) for the UC Merced 2020 Project on May 7, 2015.  The draft RFP was provided to the three proposers that were shortlisted in January 2015: E3 2020:  Balfour Beatty Investments, Inc. EP2 Developers:  Edgemoor Infrastructure … Continue Reading

New Guidance for Transparency in “Best Value” Procurements

“Best value” procurements are sometimes criticized as involving a “black box” decision-making process.  A recent report issued by the National Cooperative Highway Research Program (“NCHRP”) discusses practices to increase transparency in such procurements.  The report is NCHRP’s latest installment of its “Synthesis of Highway Practice,” issued on March 5, 2015.  A resource for public agencies, … Continue Reading