Practical Aspects of an Infrastructure Plan Based on P3’s George J. Meyer Carlton Fields Tampa, FL (813) 229-4140 gmeyer@carltonfields.com
Federal Considerations Revenue Neutral Project Selection Priority Consortium Selection/Buy American Environmental Review Permitting (Federal, State and Local) Coordination Among Governmental Entities
State Enabling Legislation Not All States Have Passed Legislation Allowing P3’s Three Categories Broad Enabling Legislation Limited/Restrictive Legislation No Legislation
Difference in Structure Traditional Structures Design-Bid-Build Construction Management Design-Build P3 Structure Design-Build-Finance-Operate-Maintain 20-50 Year Contract Periods
Differing Role of Public Agencies Sophistication/Ability of Public Agencies Training/Education Public Authorizing Officials Agency Administration Personnel Mindset/Willingness Innovation New Concepts Flexibility
Types of Projects Most Projects Can Be Developed as P3’s Water/Sewer Roads/Bridges Airports/Seaports University Campuses/Student Housing Hospital Campuses/Medical Office Buildings Stadiums/Arenas “For Profit” Concessionaires Potential Revenue Sources Tolls Rental Payments Development Opportunity Revenue User Fees Tax Credits
Additional Issues Economic Study Between Traditional Funding (Issuance of Bonds) Versus P3 Development Promised Job Growth Construction Work Force Availability Price Escalation/Material Shortage/Supply Chain Force Majeure Clause Anti-Competition Clause