Many across Kentucky have been watching officials in Madison County closely as local leaders advance two public-private partnerships that could provide important insights into Kentucky’s relatively new P3 procurement process. Officials there are closing in on a decision for the first P3 project and have received initial bids for the second. The two projects are expected to help the county address a growing drug epidemic and significant overcrowding in its jail.
Talk of economic indicators typically includes references to the stock market, interest rates and inflation. But there’s another factor worth looking at in the Louisville area these days: miles of water main.
The recent federal income tax legislation is the most sweeping income tax law change since 1986. It provides a host of tax planning and structure opportunities across industries, including commercial real estate.
A new economic analysis released today found that Kentucky’s economy could gain an additional $3.33 for every dollar invested in transportation.
Kentucky Gov. Matt Bevin was the closing speaker at last week’s three-day Kentucky Transportation Conference, talking to attendees about the importance of Kentucky’s transportation infrastructure and how the state is attempting to address massive needs to improve it.
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.