A joint venture between Louisville FC Ownership group, the city of Louisville and the state of Kentucky secured financing and moved the project forward.
Kevin Keller, with Kansas City-based HDR Engineering, says his company looks at all different perspectives and meets with all partners involved with a public private partnership, also known as a P3, to understand what they need as a return on investment to be involved.
Pittsburgh Mayor William Peduto has been touting OnePGH for much of the past year, describing it as a way for partners outside the government to help fund upgrades to infrastructure and emergency services without raising taxes.
The University of North Carolina Wilmington is taking a different route than it has in the past to add student housing to its campus in the amount of about 1,800 beds. Much like the University of Kentucky, it’s turning to P3s to help.
A novel public/private partnership, similar to a lease-to-own arrangement, will enable this long-awaited construction project to proceed quickly, the university said. Construction is scheduled to begin in early 2019, and the entire project is expected to be completed in early 2020.
Owensboro, KY’s street soccer court at Legion Park was named the Kentucky Recreation and Parks Society Facility of the Year this month. It was made possible via a P3.
Responses are due later this month for an RFP issued by the University of Kentucky to build a mixed-use parking garage for the school through a public-private partnership. Proposals from potential developers are due November 20.
The Kentucky Tourism, Arts, and Heritage is looking for developers interested in developing a public-private partnership with the state to create an amateur sports complex at EP “Tom” Sawyer State Park in Eastern Jefferson County.