By PublicFacilities|2024-12-09T19:48:21+00:00September 27th, 2018|Project News, Resources|
The $302 million Vermont Corridor Administrative Offices Building for the County of Los Angeles is our most recent project to reach financial close. It employs the New American Approach P3 development model and has already produced a project savings of $60 million when compared to the County's original projected budget. According to the County's [...]
By PublicFacilities|2017-12-07T18:31:16+00:00December 7th, 2017|Company News, Resources|
We are honored to have been included in the recent issue of The Illinois Municipal Policy Journal, a collaboration of the Illinois Municipal League, the School of Public Service, and the Chaddick Institute at DePaul University. The Journal has included our study and theoretical cost comparison in it's most recent volume. The goal of the publication is [...]
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|2016-11-16T00:44:27+00:00August 30th, 2016|Industry News, Resources|
Many thanks to PM Magazine for publishing John Finke's article on how to structure your RFP when pursuing a Public-Private Partnership. The article includes six key elements that help government agencies zero in on the most important aspects of each development team submission. Read More at PM Magazine: The Outcome-Focused RFP Or download the Article [...]
By PublicFacilities|2016-10-21T16:41:47+00:00July 5th, 2016|Company News, Industry News, Resources|
American City and County Magazine recently published an article by John Finke in their Viewpoints Blog. The write-up explores and defines the public sector and private sector's role in a P3. Read more at American City and County.
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 [...]
By PublicFacilities|2016-10-21T16:41:47+00:00March 21st, 2016|Company News, New American Approach, Resources|
The New American Approach introduces added control for the Public Agency by allowing them to replace the members on the board of directors for the not-for-profit special purpose entity (SPE) that issues the bonds and owns the facility during construction and while the debt it active. This gives the public client the ability to gain administrative control of the project should [...]
By PublicFacilities|2024-12-09T19:49:56+00:00March 21st, 2016|New American Approach, Resources|
The P3 Bulletin has published Model Behavior, an article by John Finke addressing the differences in P3 Models, particularly the difference between the conventional International Model, otherwise known as Design Build Finance Operate Maintain (DBFOM) and the American Model or Tax-exempt Model. *Note: Since this article has been published it is important to note that [...]
By PublicFacilities|2024-12-09T19:55:34+00:00March 20th, 2016|Company News, New American Approach, Resources|
The New American Approach process can be divided into eight steps. These steps follow the chronological path of project delivery for a social infrastructure project built on behalf of a public agency and cover the selection of the Not-for-Profit that will issue the tax-exempt debt all the way through to the transfer of ownership to the [...]