Public-private partnership

Through February of this year, 20 P3-related bills were enacted by 14 states since 2016.

State and local governments and trade groups have until Sept. 13 to submit comments on the 48-page exposure draft GASB released June 13.

More municipalities are turning to local solutions, including P3s and value capture structures.

A strong economy has resulted in more success for tolled managed lanes than many skeptics anticipated.

The public-private partnerships will finance projects in Belle Chasse and Lake Charles.

The decision to release the plan signals a resolve on the part of at least some lawmakers to prioritize infrastructure legislation even though President Trump recently announced he won’t work with top congressional Democrats as long as he’s under investigation by them.

State and local governments would be able to issue tax-exempt PABs not subject to state volume caps if at least 95% or more of the net proceeds are used for green infrastructure.

The cash-strapped state’s public-private partnership will pay for a fixed-span bridge to replace an aging lift bridge and tunnel in Belle Chasse.

The developer of the proposed $20 billion One Chicago project is seeking state subsidies as part of a P3 deal.

Municipal market participants are increasingly skeptical that an infrastructure bill will pass this year.

Amid the gadgets on display at the Smart Cities NYC conference, some local and regional officials spoke more pragmatically about making tech work.

Communities that have reached their debt capacity can attract funding from private investors who are focused on energy savings and climate change.

The $650 million Denver International Airport terminal remodeling project has run up against concrete deficiencies in the original structure.

Travis County has closed on a $330 million, triple-A rated deal to fund the civil and family courts building in downtown Austin.

The current volume cap on PABs issued for highways and freight improvement has just over $2.5 billion remaining that can be authorized by the U.S. Department of Transportation.

Five companies responded to a request for “expressions of interest” in building three prisons amid federal scrutiny of conditions in the prison system.

The notion of cooperation is central to P3s, bringing together two different kinds of operations — public agencies and private enterprises — in pursuit of a common goal.

The P3 market is growing and state and local governments are taking note.

The biggest news in the world of public-private partnerships (P3s) last year had nothing to do with toll roads — the most visible way governments team up companies. Instead, the most expensive infrastructure deals were projects to build a car-rental facility and a small tram at Los Angeles International Airport.

While JPMorgan Chase will see a public-private prison in Kansas through to completion, private financing as an alternative to municipal bonds is on the way out.