Going private for the public good with P3 funding for building projectsFacing reduced tax revenues, an economy still recovering from the global pandemic and fears about a looming recession, many public agencies are looking for creative ways to secure budgets for projects.
For public agencies, this arrangement offers an enticing mix of tax-exempt debt which is free of voter approval, accountability for timely project completion, and the ability to leverage private sector efficiencies and expertise – all without sacrificing input and control of a project. Gaining public support, securing tax dollars via bonds and levies, keeping a project on time and on budget – these are often major hurdles for even the most necessary project. Even more so for agencies that don’t typically handle large-scale projects.
That’s why we’ll likely see an increase in P3s going forward. Private developers are not constrained in the same manner as public agencies and are able to function more efficiently, and their building expertise, and knowledge of advanced building technologies, provides a level of reassurance that a major project will meet the public’s needs without exploding municipal budgets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Going private for the public good with P3 funding for building projects - Silicon Valley Business JournalGoing private for the public good with P3 funding for building projects (Sponsored Content by OACservicesinc)
Source: svbizjournal - 🏆 334. / 59 Read more »
Going private for the public good with P3 funding for building projects - Silicon Valley Business JournalGoing private for the public good with P3 funding for building projects (Sponsored Content by OACservicesinc)
Source: svbizjournal - 🏆 334. / 59 Read more »
New projects in North Texas for October 12, 2022 - Dallas Business JournalHere’s a look at the latest new projects registered in North Texas with the Texas Department of Licensing and Regulation, a list of new construction, renovations and alterations in Dallas, Fort Worth and beyond. All projects listed are public records.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Gen Z is driving a wave of unionization on college campuses - Dallas Business JournalColleges and employers alike aiming to recruit a shrinking pool of young people face a growing dilemma as they balance the need to appeal to Gen Z while keeping personnel expenses in check.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Snowbird Cocktail Lounge & Kitchen making debut at The Star in Frisco - Dallas Business JournalLocated at 6765 Winning Drive, Suite 800, the 4,100 square foot space will include dining and lounge seating with initial hours ranging from 4 p.m. to midnight on weekdays and 4 p.m. to 2 a.m. on weekends.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Elon Musk, The Boring Co. await green light for Texas tunnel plan - Dallas Business JournalAs the company focuses on other Texas projects, stakeholders are still seeking clarity on a project that could cost upwards of $290 million to construct.
Source: DallasBizNews - 🏆 525. / 51 Read more »