Going private for the public good with P3 funding for building projects - Silicon Valley Business Journal

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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Silicon Valley R&D space market mixed in Q3, with availability rising - Silicon Valley Business JournalSilicon Valley's R&D market — relatively strong throughout the pandemic — is showing signs of cooling off. CRE R&D SiliconValley
Source: svbizjournal - 🏆 334. / 59 Read more »

Apartment investors apply more scrutiny to deals in wake of market slowdown - Silicon Valley Business JournalDemand for apartments plummeted in the national apartment market in the third quarter, coming off what had been several quarters of strong run-up in demand and rent growth for the national multifamily market.
Source: svbizjournal - 🏆 334. / 59 Read more »

Study looks into how technology transformed the quick service restaurant industry - Silicon Valley Business JournalComcast Business and FRANdata conducted a survey across franchise brands in the QSR industry to gain further insight into technology’s impact on the businesses.
Source: svbizjournal - 🏆 334. / 59 Read more »

Oracle cuts 201 jobs from Redwood City, Belmont offices - Silicon Valley Business Journal“The Redwood Shores Campus is not closing as part of this reduction in force,” an Oracle HR official wrote in a notice to California's Employment Development Department.
Source: svbizjournal - 🏆 334. / 59 Read more »