That desire to find a better option is why we sought to bring public-private partnerships to Kentucky. In the enduring debate of which can do a job better — government or business — we asked: Why can’t it be both?
Thanks to a public-private partnership, Ohio State University’s endowment will receive $1 billion. The board of trustees recently approved a deal with French company Engie and Axium Infrastructure Inc. of Montreal to manage its energy and electricity systems for 50 years.
Salt Lake County is teaming up with a nonprofit organization and private donors to help men who are repeatedly arrested get their lives back on track.
The need for major investments in public infrastructure is unquestioned. The 2017 Infrastructure Grade Card says that our nation’s built environment – its public streets and highways, schools and parks, water and sewer facilities – deserves a dismal D+. At this point, we’re an estimated $4.59 trillion behind.
In Kentucky, our schools need an estimated $453 million of capital improvements. More than 4,000 bridges and overpasses – rated as deficient or functionally obsolete – need repair or replacement. And water and sewer systems in communities across the Commonwealth need a staggering $12.44 billion in improvements.
Don Parkinson has become the point man for public-private partnerships for Gov. Matt Bevin’s administration. Parkinson, secretary of the Kentucky Tourism, Arts and Heritage Cabinet, talks about how P3s can support the state’s $13 billion tourism industry.
Thanks to a Google grant, America Makes, the National Additive Manufacturing Innovation Institute will partner with 3D Veterans to expand a boot camp that trains U.S. military veterans in advanced manufacturing.
One group of legislators and political consultants think they have the answer to repair and maintain America’s aging public school buildings, which would require $145 billion a year by one estimate.
The Kentucky Department of State Parks is exploring a possible public-private partnership to develop a new campground at Kentucky Dam Village State Resort Park, 21 miles southeast of Paducah in western Kentucky.
The Work Ready Skills Initiative Advisory Committee has selected recipients for its second round of funding. Approximately $33.1 million in bond money was dispersed to more than a dozen projects aimed at developing a highly trained workforce to meet the needs of employers and to promote sustainable incomes for Kentuckians.
Developers and investors considering the state’s proposal to raze the aging, 26-story Capital Plaza Tower and redevelop it and the adjacent Frankfort Convention Center and Fountain Place Shops have a little more time to put together their deals.