Entries by Lisa Jessie

P3 helps Maryland town with reservoir

The Maryland town of Bel Air broke ground recently on a $15 million reservoir, thanks to a partnership between the town, Harford County the state Department of Environment and private company Maryland Water.

Texas county’s P3 generates energy rebate, savings

Fort Bend County’s public-private partnership with Schneider Electric is paying off. The southeastern Texas county entered a P3 last summer to pay for energy and infrastructure upgrades. An energy efficiency program paid for a modernized jail and failing systems – with no new taxes or increase fees.

P3s might be answer to federal parks’ budget woes

Like a lot of U.S. infrastructure, America’s national parks are falling behind on maintenance and improvement – to the tune of an $11.3 billion backlog. Yet, President Trump has proposed cutting $322 million from the National Park Service’s $3 billion budget – at a time when park users are seeking more amenities like wi-fi service. Enter public-private partnerships.

Rapid Bridge Replacement Project, Pennsylvania

Pennsylvania has been among the states with the largest number of structurally deficient bridges. Records from the Pennsylvania Department of Transportation (PennDOT) showed that 18 percent of its bridges were in poor shape, compared with a national average of 7.3 percent. In 2012, the state passed a law allow PennDOT to use P3s to save money and replace small bridges faster.

Dallas park built over highway thrives

The five-acre Klyde Warren Park connects two neighborhoods formerly divided by a highway. It boasts a playground, eateries and performance space. Today, Dallas is reaping the benefits from the arrangement, with the value of real estate around the park soaring and the city seeing tax revenue from increased development.

P3 energy deal increases Ohio State endowment

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.