PPP Emerging Trends

VIRGINIA LEGISLATURE MULLS P3 OVERSIGHT

Troutman Sanders PPP Team — Wed, 09 Jan 2013 13:36:39 +0000

Virginia’s General Assembly will determine this Session whether more oversight is needed over the potential privatization of the Virginia’s port facilities, as well as other toll-related transportation projects.

VIRGINIA TOPS IN GETTING PRIVATE CASH FOR ROADS

Troutman Sanders PPP Team — Wed, 02 Jan 2013 13:41:46 +0000

A national consulting firm recently found that Virginia has the best system in the United States for attracting private funding for large-scale, public transportation projects. According to the report, Virginia initiated more P3 transportation projects last year than any other state, and received $6.00 to $7.00 dollars in private funds to every $1.00 dedicated by the State to P3 transportation projects.

IS VIRGINIA GETTING A GOOD DEAL ON PUBLIC-PRIVATE PROJECTS?

Troutman Sanders PPP Team — Sat, 29 Dec 2012 13:44:35 +0000

The Virginia Business Magazine article is an excellent overview of the pros and cons of P3 Transportation Projects in Virginia.

VIRGINIA MAY CONSIDER PRIVATIZING DELIVERY OF SOCIAL SERVICES

Troutman Sanders PPP Team — Mon, 26 Mar 2012 15:19:12 +0000

In the very near future, Virginia social service officials are expected to meet regarding whether the delivery of social services should be totally controlled by the State. Currently, Virginia localities administer the program and the State pays for it. Any realignment of social services would require a change in current state law, and a new management structure — (potentially private) and a upgrade to the current IT system.

BILL WOULD PERMIT MARYLAND TO SEEK PRIVATE PARTNERS FOR PUBLIC PROJECTS

Troutman Sanders PPP Team — Sun, 25 Mar 2012 12:46:54 +0000

A bill proposed by Governor Martin O’Malley, and being shepherded through the legislature by Lt. Gov. Anthony G. Brown (D), would permit the State to seek private partners for public projects. In the name of job creation, the proposed legislation would make it Maryland’s policy to seek out private partners to build, operate and maintain roads, bridges, schools, government buildings and most any other public asset.

VIENNA TOWN COUNCIL (VIRGINIA) TO REVIEW PPP PROPOSAL FOR MIXED-USE BUILDING AND PARKING GARAGE

Troutman Sanders PPP Team — Tue, 20 Mar 2012 12:38:25 +0000

The Vienna Town Council will review a PPP proposal for a three-story mixed-use building and a parking garage. The private-sector proposal was submitted under Virginia’s PPP guidelines recently adopted by the Town Council. The proposal includes mixed-use structures, residential units and a four-story municipal parking garage. Private-sector teams will have an opportunity to submit competing proposals within a defined period set forth under the PPP Guidelines.

TODD LONG NAMED GEORGIA DEPARTMENT OF TRANSPORTATION DEPUTY COMMISSIONER

Troutman Sanders PPP Team — Sat, 17 Mar 2012 12:45:34 +0000

Long moves from the Governor’s office, where he was responsible for making funding decisions on transportation projects, to work under Golden at GDOT.

PPP TRANSACTION “COULD” BRING LIGHT RAIL TO VIRGINIA BEACH, VIRGINIA

Troutman Sanders PPP Team — Thu, 08 Mar 2012 13:41:29 +0000

The City of Virginia Beach recently wrote Virginia’s newly created Office of Public-Private Partnerships and asked that the potential Virginia Beach light-rail extension be added to a list of projects that “might” benefit from private investment. Increasingly, Virginia looks to the private sector to help finance large-scale transportation projects. While it is too early to discuss specifics on what any PPP transaction “could” look like, even if funding were approved, construction of a light-rail system is at least a decade away.

KEITH GOLDEN NAMED GEORGIA DEPARMENT OF TRANSPORATION COMMISSIONER

Troutman Sanders PPP Team — Thu, 01 Mar 2012 13:43:57 +0000

Golden was elected March 1, 2012 by the Georgia Department of Transportation board. He has served as the Interim Commissioner since Vance Smith’s resignation in September of 2011.

VIRGINIA BEACH CITY COUNCIL ENDS PPP PROJECT TO CONSTRUCT $109 MILLION HOTEL. CITY TO NOW CONSIDER OTHER PROPOSALS.

Troutman Sanders PPP Team — Wed, 15 Feb 2012 18:41:49 +0000

The Virginia Beach City Council officially ended a PPP transaction to construct a four-star hotel near the Virginia Beach Convention Center. The proposal lost political support earlier in the year.

As part of that deal, the city would have contributed nearly $67 million up front to construct the $109 million hotel. The City announced it would now consider other hotel proposals from interested parties.