By PublicFacilities|2018-09-11T02:44:23+00:00September 10th, 2018|Events, New American Approach, Project News|
Salinas, Sept 10th - The City of Salinas broke ground today on a brand-new Salinas Police Services Headquarters building. Project leaders and city officials joined the ground breaking ceremony to celebrate the new project for the City of Salinas. Mayor Joe Gunter and City Councilwoman (District 4), Gloria DeLaRosa, where among the speakers present [...]
By PublicFacilities|2018-09-11T02:42:39+00:00September 10th, 2018|Company News, Events, New American Approach, Project News|
Salinas, CA - Mayor Joe Gunter, Councilwoman Gloria De LA Rosa, City Manger Roy Corpuz, and other project leaders gathered today to celebrate the groundbreaking of the new El Gabilan Library for the City of Salinas. The new Library is planned as a safe, welcoming space for all ages to learn, meet family and [...]
By PublicFacilities|2018-07-26T23:33:22+00:00July 26th, 2018|Company News, Events, New American Approach, Project News|
We are thrilled to announce that we have reached financial close on the County of Los Angeles's new Vermont Corridor Administrative Offices Building. The new $302 million, 21-story project begins construction on August 9th. "We are proud of this project and what PFG has accomplished." Said John Finke, President of PFG, "In the last two [...]
By PublicFacilities|2018-05-18T16:51:19+00:00May 18th, 2018|Company News, New American Approach, Project News, Uncategorized|
We are thrilled to announce that earlier this week the Salinas City Council, in a unanimous 7-0 vote, approved two new facilities that are in partnership with PFG. The council approved a new Police Headquarters and a new public library that will replace their existing facility. Both projects use the New American Approach P3 [...]
By PublicFacilities|2018-05-18T16:26:15+00:00May 4th, 2017|Company News, Industry News, New American Approach, Resources|
In response to publishing our White Paper comparing the three most commonly employed financial models for developing social infrastructure, we have received requests for more information on the New American Approach. We have drafted An Explanation of the New American Approach in an effort to further clarify what makes the New American Approach unique, why it is better to employ [...]
By PublicFacilities|2018-05-18T16:27:48+00:00April 20th, 2017|Company News, Industry News, New American Approach, Resources|
A THEORETICAL COST COMPARISON OF P3 AND TRADITIONAL PUBLIC DELIVERY MODELS USED IN DEVELOPING SOCIAL INFRASTRUCTURE It presents three distinct approaches to a hypothetical social infrastructure development and analyzes the costs of that project as they relate to each approach. The three models presented are Traditional Public Delivery, The American P3 Approach, and the Availability [...]
By PublicFacilities|2016-08-18T16:14:12+00:00August 18th, 2016|Company News, Industry News, New American Approach, Project News, Uncategorized|
PFG President, John Finke was interviewed by The Bond Buyer’s far west regional editor, Keeley Webster, to discuss the Vermont Corridor project recently approved by L.A. County. Ms. Webster writes: There are two ways that government can take control of the 501(c)3. When the debt is paid off, PFG transfers fee ownership. The government entity also can replace [...]
By PublicFacilities|2016-08-11T18:03:57+00:00August 11th, 2016|Company News, Industry News, New American Approach, Project News|
We are excited to announce that the Los Angeles County Board of Supervisors voted unanimously on Tuesday August 9th to move forward on the re-development of three County-owned sites located in the Koreatown neighborhood of Los Angeles. Public Facilities Group has been selected as the not-for-profit special purpose entity and will issue tax-exempt bonds for [...]
By PublicFacilities|2016-05-26T16:49:49+00:00May 26th, 2016|Company News, New American Approach|
PFG President, John Finke and vice president, Matt Calcavecchia were interviewed by The Bond Buyer's south east regional editor, Shelly Sigo, to discuss using tax-exempt bonds in p3 structures. While the article is focused primarily on Florida and the south east region, we think the basic concepts articulated of this article relate to the industry on a national scale. Ms. [...]
By PublicFacilities|2016-10-21T16:41:47+00:00April 29th, 2016|New American Approach, Resources|
We very much agree with Florida’s state bond director, J. Ben Watkins in this article written by Shelly Sigo and published last week in The Bond Buyer: Watkins Doesn’t See P3 Benefits over Tax Exempts. Tax-exempt debt is significantly cheaper than equity and taxable debt. It is also true that the traditional DBFOM model that [...]
