Public-private partnership

Student housing projects financed through public-private partnerships face a far more lethal blow if the coronavirus pandemic prevents college campuses from opening this fall.

The program enables public colleges to enter into P3s but experts said the program is likely on hold because of COVID-19 uncertainties.

The state-run authority’s oversight board unanimously approved a $935 million contract for a public-private partnership with Cubic Transportation Systems.

Despite severe budget stress, the city and state can take some meaningful actions, such as reviving the restaurant industry, expanding the role of P3s and rebuilding multi-purpose infrastructure, analysts say.

GASB said the delay comes in response to a number of requests because of the coronavirus pandemic, with some finance officers asking for up to an extra two years.

Bond-financed student housing was already facing headwinds when the COVID-19 crisis sent most tenants home.

More private money would be invested in infrastructure if Congress expands the use of PABs and P3s.

The New York City Housing Authority’s agreement with developers on $1.5 billion of capital repairs marks a significant move toward private management.

Private sector involvement will fuel timely completion of a large-scale overhaul of John F. Kennedy International Airport, according to head of the multibillion-dollar modernization project.

The New York City Housing Development Corp. plans to issue $375 million of housing impact bonds, a new category of sustainable development bonds.