Chicago’s Barwell Manor Homes could be renovated as early as next year. “The renovations — a down-to-the-studs job designed to make the buildings look like new — will be funded through a U.S. Department of Housing and Urban Development (HUD) program aimed at leveraging private dollars to improve public housing,” executive Director Charles Chambers said in a story by the Chicago Tribune.
While much of the discussion around public-private partnerships often focuses on funding, anyone who has worked on large-scale construction projects knows that securing financing is just the first step to success. True success is a project completed on time, on or under budget and up to the quality standards set by the owner. That is particularly true for large, public projects. When multiple parties are involved, project execution must be on point to ensure that all involved benefit.
While much of the discussion around public-private partnerships often focuses on funding, anyone who has worked on large-scale construction projects knows that securing financing is just the first step to success. True success is a project completed on time, on or under budget and up to the quality standards set by the owner. That is particularly true for large, public projects. When multiple parties are involved, project execution must be on point to ensure that all involved benefit.
While much of the discussion around public-private partnerships often focuses on funding, anyone who has worked on large-scale construction projects knows that securing financing is just the first step to success. True success is a project completed on time, on or under budget and up to the quality standards set by the owner. That is particularly true for large, public projects. When multiple parties are involved, project execution must be on point to ensure that all involved benefit.
While much of the discussion around public-private partnerships often focuses on funding, anyone who has worked on large-scale construction projects knows that securing financing is just the first step to success. True success is a project completed on time, on or under budget and up to the quality standards set by the owner. That is particularly true for large, public projects. When multiple parties are involved, project execution must be on point to ensure that all involved benefit.
While much of the discussion around public-private partnerships often focuses on funding, anyone who has worked on large-scale construction projects knows that securing financing is just the first step to success. True success is a project completed on time, on or under budget and up to the quality standards set by the owner. That is particularly true for large, public projects. When multiple parties are involved, project execution must be on point to ensure that all involved benefit.
For more than a year, P3 Kentucky has been writing about Madison County Fiscal Court’s innovative plan to develop a comprehensive Healing Center to help address the county’s growing drug epidemic and severe overcrowding in its jail due to drug abuse. It’s a real problem that is draining the county’s financial resources and having a severe impact on the community’s workforce and economic development potential.
Over the past year Kentuckians have been following the public-private partnership deal unfolding to redevelop land where the Frankfort Convention Center and Fountain Place Shops once stood. Recently, the city reached another project milestone by formally sending a letter to the state’s Finance and Administration Cabinet outlining the preferred redevelopment method.
It takes more than funding to fight homelessness in cities across the United States. It takes an army, and the private sector in Columbus, Ohio is all hands on deck to address the growing issues behind their homelessness epidemic, including public-private partnerships.
New job opportunities for Kentuckians are on the horizon following the recent creation of the Economic Opportunity Commission by Gov. Matt Bevin.
