Fall Networking Event November 6, 2014 Orlando, FL
Acknowledgement & Thanks Event Sponsors HKS Skanska Alter+Care Public Officials Fcp3 Board Members Fcp3 Members
fcp3 – Why We Exist Mission: Promote the development of public assets using P3 delivery methods when in the public interest. Fcp3 will provide a central forum for the exchange of ideas and share research to further educate and develop relationships between the public and private sectors. 9 years Content Driven
Why P3? Decreased public funding for capital construction Potential to leverage public funds Efficiencies across the D/B/F/O/M spectrum Basic condition: potential for revenue
Membership… Even if you Can’t Travel Access to all conference material Access to webinars Access to all case studies People to ask…. People you can trust Safe harbor for public sector members 2 X 4 X 6 Content Model
Today’s Available Content Webinars November 13, 2014“What the Public Sector Considers When Selecting the Right Private Partner” January 10, 2015“P3 Project Process – Step by Step” Case Studies Palm Beach County Convention Center Hotel In development o RCL – FIU Production, Rehearsal & Performance Facility o Miami Port Tunnel o Broward College – FIU Academic Facility o FAU Innovation Village
PartnersProjectValue FDOT – ACS InfrastructureI-595 Improvements$1.2B Palm Beach County –Convention Center, Hotel$105MM Related Companies & Parking UCF – Balfour BeattyConvocation Center$107MM FAU – Balfour BeattyInnovation Village Student$123MM Residence & Football Stadium Miami Dade – Meridiam Port Tunnel$600MM+ Infrastructure FIU – RCLProduction, Rehearsal$22-35MM & Performance Facility FIU – Broward CollegeJoint Academic Facility$21MM Recent Florida P3’s
Florida P3 Pipeline Partners ProjectValue Miami-Dade CountySouth Miami Heights$150MM Water Treatment Plant Bio-Solids Projects$200MM Energy OptimizationVaries Douglass Metrorail StationTBD Frankie Shannon Rolle CenterTBD SW 37 th Avenue and US1 Hillsborough CountyHigh Speed Ferry$24MM Boynton BeachTown Square Redevelopment$133MM
Florida P3 Pipeline (cont’d) Partners ProjectValue FAUHotel - Conference Center$45MM FIU - ServitasBBC Student Housing$59MM FPUStudent Housing Ph II$18MM USFStudent Housing$250MM Seminole State CollegeAltamonte Springs CampusTBD
Lessons from the street 1.If you have your own money, use it, leverage it. 2.If you’ve seen one P3 project…. you’ve seen one P3 project. 3.Shared need – shared revenue – shared risk 4.Engage senior leaders as champions 5.At some point every deal looks like it will fail.
How to learn more FCP3 Spring Conference (May 7 - 8, 2015) Rosen Creek Shingle Creek – Orlando, FL Webinar November 3, 2014“Selecting the Right Private Partner” Join FCP3 for a unique opportunity
Thanks for coming! Questions /Discussions? HKS/Skanska/Alter+Care See you in Orlando in May!