From The Daily Iowan:
The state Board of Regents president on Thursday commended the University of Iowa’s consideration of a public-private partnership that would place the responsibility of maintaining the campus utility system with a private contractor as “forward thinking.” A few weeks ago we wrote on UI’s innovative plan to utilize a P3 to update their utilities systems.
“I want to publicly commend UI President Bruce Harreld and the administration for forward-thinking and exploring potential public-private partnership with its utility system,” he said at the regents’ Thursday meeting at Iowa State University. “They are being thoughtful and deliberative, as they should be.”
The UI announced it was considering entering such an agreement on Feb. 8 after Gov. Kim Reynolds asked the regent universities to explore public-private partnerships. Until June when the request for qualifications and the request for proposals processes are complete, UI officials have said the UI will not know how much money would be involved in the agreement.
Richards said time to look at the facts is needed to make a good decision.