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