Long Beach shortlists three teams for new Civic Center under PPP
The city of Long Beach has shortlisted three developers from seven groups interested in the contract for the design, finance, build, operate and maintain a new Civic Center at the city located in California during 35 years.
Related California of Irvine; Long Beach CiviCore Alliance, set by the Macquarie Group; and Plenary - Edgemoor Civic Partners are the groups shortlisted for the project.
The City Council voted 8-1 on Tuesday to approve preparing and issuing a request for proposals to remake the Civic Center.
Last week, officials said the proposals request is scheduled to be released in the spring. Responses are expected to be received by the end of 2014, with a council decision following in the first quarter of 2015.
The estimated cost is between $170 and $200 million.
The project would include a new City Hall and Main Library as well as a revitalization of Lincoln Park. Officials have also discussed building a new headquarters for the Port of Long Beach on the property.
The city of Long Beach is following up the success of the new courthouse recently opened that uses a P3 structure.
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