Howard County is pursuing a public-private partnership P3 to upgrade Circuit Courthouse. The current courthouse is 174 years old, and cannot meet capacity, security and technology needs.
The new Circuit Courthouse will be 230,000 gross square feet, LEED Silver certified, and equipped with additional courtrooms and space for jury and staff. The building will be accompanied by a structured parking facility with 600 spaces and the ability to expand to 1,100 spaces.
After an extensive review of the EOI submittals and the team interviews, the County has selected three respondent teams to move forward to the RFP stage of the project:
The successful team will design, build, partially finance, maintain and operate the facilities under a 30-year contract. Howard County has determined that a hybrid financing solution consisting of a combination of public financing and private financing is advantageous for this project. Within this financing structure, Howard County expects to commit both a milestone payment upon substantial completion and availability payments over the project term.
The County hope to complete the selection process by Q3 2018, and then secure commercial and financial close before the end of the year. Construction is scheduled to begin in Q2 2019, and be completed by early 2021.
Wayne State University has announced that the financial close of a 40-year PPP with Corvias, a military and student housing specialist, to develop, finance, construct, operate and maintain the university’s student housing has been completed.
Read moreIt has been announced that the City of Chicago, in coordination with the Chicago Infrastructure Trust (CIT) will issue a Request for Qualifications (RFQ) for respondents to present their qualifications to design, build, finance, operate and maintain an O’Hare Express operating system through a public-private agreement with the City.
Read moreThe Denver City Council has approved a consulting contract expansion that had been held up for months, for the planning of a public-private partnership office.
Read moreThe Chicago Infrastructure Trust has announced that six Statements of Qualifications (SOQs) have been received in response to the Request for Qualifications (ROQ) issued on 11 October 2017, regarding the Joint Public Safety Training Academy (JPSTA) project.
Read moreThe Pennsylvania Turnpike Commission (PTC) has shortlisted four teams for its fibre-optic infrastructure broadband network P3. The project will follow a design, build, finance, operate and maintain model.
Read more