On March 30, 2012, the Arizona Department of Transportation issued a Request for Qualifications (RFQ) soliciting statements of qualifications from prospective private and/or public entities for development and implementation of a public-private partnership (P3) for ADOT facilities on a new site to replace the current ADOT and MVD facilities located in Flagstaff, Arizona. The RFQ represents the first P3 solicitation issued by ADOT through its Office of P3 Initiatives.
The objective of the project is to relocate ADOT from its current location on Milton Road to new facilities in the Flagstaff area, freeing up the Milton Road property and adjacent property owned by the City of Flagstaff for local transportation improvements and re-development. The project allows ADOT and the City of Flagstaff to partner, putting their two parcels together in a way that adds value for the developer, allows the City to achieve higher impact redevelopment from the two parcels combined, and also enables ADOT to derive maximum value from its parcel while encouraging creative responses to its need for new facilities.
Proposers have the option to propose constructing the planned City of Flagstaff transportation improvements (Beulah Boulevard extension and University Avenue realignment) on the Milton property, or to allow the City to hire the contractor and to work around the City’s construction phases and processes.
Statements of qualifications are due on June 6, 2012.
A nationally recognized leader in the field of public-private partnerships (P3s), Corey Boock offers clients more than 30 years’ experience in structuring, procuring, financing and negotiating cutting-edge deals in the ...
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