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.
The build-to-suit selection committee for the proposed new Frankfort state office building and parking structure met on Oct. 25 to interview short-listed firms prior to deciding on the finalist earlier this week.
Members of the P3 Kentucky Roundtable met this week at the Kentucky Chamber of Commerce offices in Frankfort to discuss recent public-private partnerships and the opportunities for P3s and continued infrastructure improvements in 2018.
Should infrastructure projects, hospitals, YMCAs, community centers and universities all cost more? Apparently so, according to the leadership of the U.S. House of Representatives and their version of Tax Reform legislation introduced last week.