Commonwealth Infrastructure Fund Names Managing Director Jacob Schirmer

Veteran financier Jacob Schirmer has been named Managing Director of the Commonwealth Infrastructure Fund (CIF), a privately managed fund formed last year to support investments in public-private partnerships (P3s) in Kentucky. Schirmer will lead the investment fund’s day-to-day operations.

Kentucky Looking to P3 to Develop 133 Acres at Kentucky Expo Center

A major development with multiple hotels, restaurants, entertainment venues and retail outlets could be coming to 133 acres of land adjacent to Freedom Hall and the Kentucky Exposition Center, if the Kentucky Tourism, Arts and Heritage Council finds the partners and plans it’s seeking to guide the effort.

Three Ways P3s Can Be Used in Kentucky Today

For anyone who missed it this week, the Kentucky Transportation Cabinet outlined its plan to repair and rebuild roads and bridges throughout the Commonwealth over the next six years. The plan details investments totaling more than $8.5 billion for 1,400 projects throughout the state. It’s a great start but far short of the state’s needs.

Gov. Bevin Signs Law to Ease P3 Process

Amid all the discussion around Kentucky’s pension reform, state budget and tax reform efforts, Kentucky legislators easily passed and Gov. Matt Bevin signed P3 legislation this week that is expected to simplify the way public-private partnerships are approved in the state.

Kentucky Cited for Pro-Business Policies Like P3

Kentucky economic development leaders are getting out the word about our pro-business initiatives — including legislation to allow public-private partnerships — and gaining some national attention from site selection publications.

Tax Reform Has Real Impact on Commercial Real Estate Industry

The federal income tax legislation signed late last year by President Trump ushers in sweeping tax law changes that significantly benefit the construction industry.

COPs Financing for New Capital Plaza Project Closes

The Commonwealth of Kentucky, in conjunction with a development team led by CRM Development Company of Lexington, on Feb. 22 closed a financing for a new P3 state office building project to be built on the site of the old Capital Plaza Tower on Mero Street in downtown Frankfort, Ky.

Investment in Kentucky’s transportation system vital to all

Kentucky Governor Matt Bevin recently unveiled his priorities for road and bridge projects through the release of the next statewide highway plan. This 250-page document identifies projects and project phases totaling $8.6 billion through 2024. But, because current state and federal transportation funding is woefully inadequate, only 30 percent of the identified needs have a chance of being addressed.

Kentucky Tourism Cabinet Seeks OK For at Least $125M in P3 Projects

Five of Kentucky’s state-owned tourism destinations could get at least $125 million in capital investments and improvements from private partners if the Kentucky General Assembly approves provisions in a state budget bill.

Trump Infrastructure Plan Recognizes Need to ‘Think Big’

The Trump infrastructure Plan illustrates the dramatic need to repair the nation’s infrastructure and invest in states like Kentucky.