Unsolicited Proposals: Unrealized Opportunity for Kentucky Businesses

Kentucky included an interesting option for businesses when it passed public-private partnership (P3) legislation last year – one that hasn’t yet been fully used.

Public-Private Partnerships: A creative tool to rescue nation’s failing infrastructure

With tight budget times Kentucky localities will need to be smart, creative, open minded and innovative to ensure infrastructure projects move forward. One way to accomplish this is usage of Kentucky’s new public-private partnership (P3) law.

Economic Development Sec. Gill Weighs in on P3

Leaders in the Bevin Administration continue to promote the idea of using public-private partnerships to advance some public projects in Kentucky. The latest to speak up was Cabinet for Economic Development Secretary Terry Gill.

Three Ways Kentucky Has Used P3s

In recent weeks, we’ve heard a lot about Kentucky’s growing infrastructure needs and the apparent lack of short-term funding to meet those needs – both at the state and local levels.

Trump Administration Looks to Boost Private Activity Bonds

President Trump’s proposed budget, released last month, includes an expansion of the Transportation Department’s private activity bond program (“PAB”) which should help projects using public-private partnerships.

Trump Visit Highlights Importance of Infrastructure

President Trump plans to visit Kentucky this week to discuss infrastructure, and there’s no better place to highlight all the elements of the nation’s aging infrastructure than right here in the Bluegrass State. Historically, Kentucky has focused much of its economic development strategy around its location and leveraging the state’s roads, rivers and runways, not to mention low-cost electricity, to attract and retain businesses.

Capital Plaza P3 Project Draws Interest from Kentucky, National Firms

Dozens of firms have expressed interest in the proposed Capital Plaza Tower public-private partnership in Frankfort.

Kentucky county seeks P3 solution to drug epidemic

Many county judges, attorneys and law enforcement officials across Kentucky are watching Madison County, where local leaders hope to form a public-private partnership to solve a growing drug problem that plagues many areas. If successful, it would be the state’s first local P3 project since legislation was passed last year governing P3 deals.

In ‘era of dwindling public resources’ P3 offers possibilities

That desire to find a better option is why we sought to bring public-private partnerships to Kentucky. In the enduring debate of which can do a job better — government or business — we asked: Why can’t it be both?

Business, Government Must Join Forces to Address Huge Infrastructure Needs

The need for major investments in public infrastructure is unquestioned. The 2017 Infrastructure Grade Card says that our nation’s built environment – its public streets and highways, schools and parks, water and sewer facilities – deserves a dismal D+. At this point, we’re an estimated $4.59 trillion behind.

In Kentucky, our schools need an estimated $453 million of capital improvements. More than 4,000 bridges and overpasses – rated as deficient or functionally obsolete – need repair or replacement. And water and sewer systems in communities across the Commonwealth need a staggering $12.44 billion in improvements.