Features

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.

Kentucky Tourism Leader Lays Out P3 Game Plan

Don Parkinson has become the point man for public-private partnerships for Gov. Matt Bevin’s administration. Parkinson, secretary of the Kentucky Tourism, Arts and Heritage Cabinet, talks about how P3s can support the state’s $13 billion tourism industry.

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