A lot of local leaders are thinking about snow this week, bracing for bad weather as we get deeper into winter. That made me start thinking. This is a significant problem nearly every state and community in our region deals with. How do we allocate the right amount of public resources to address a real issue that only comes once in awhile?
For those of us watching closely, 2017 was a transitional year for the concept of public-private partnerships in Kentucky. One thing was clear, the financing model is being embraced by more communities, and we’re likely to see P3 use spread across the Bluegrass State in 2018 and beyond.
The Commonwealth of Kentucky is moving forward with its project to demolish and replace key parts of downtown Frankfort, including the Capital Plaza Tower. Here are few tips for private developers/contractors considering a large build-lease P3 like the Capital Plaza project.
With a national discussion focused on investing in America’s infrastructure, the United States offers a prime market for public-private partnerships. However, several potential barriers exist for both private- and public-sector partners to achieve success with P3.
The concept of a public-private partnership is still young, and one that organizations and companies resort to as the end-all, be-all solution.
A lunch meeting high atop the Buckhead Club in the suburb of Atlanta included an invitation on the menu: come to Kentucky, we’re ready to do business. A group of Atlanta business professionals whose job is to create economic growth got a taste of Kentucky’s booming investment success.
Many local leaders have more questions than answers when it comes to public-private partnerships — questions about funding and need. In short, they don’t know where to start.
Louisville Metro Government plans to hire a consultant to review the city’s current and future facility needs, including the future use of LMPD headquarters, the Fiscal Court Building, and potential new construction through a public-private partnership on the parking lot south of Market Street between Sixth and Seventh streets.
For many Americans, the holiday season is spent traveling roadways to see relatives or to take advantage of time off work and school to visit destinations across America. AAA projected that 50.9 million Americans journeyed 50 miles or more during the Thanksgiving break.
Kentucky is still feeling its way through the learning process for developing and launching successful public-private partnerships, as we test their viability on projects in state parks expansions, office buildings in Frankfort and for the social infrastructure project in Madison. However, there are plenty of examples of transformational projects across the country that can serve as education and inspiration for community leaders and private partners in the Bluegrass.