University of Illinois arranges financing for its Chicago Healthcare PPP project
The University of Illinois in Chicago and Mesirow Financial have entered into a public finance and credit tenant lease to fund the university's Outpatient Surgery Center and Specialty Clinics PPP.
Mesirow acted as the senior underwriter for one of the first tax-exempt healthcare public-private partnership financings in the United States.
This new 200,000 square-foot clinical building, located across from the University of Illinois Chicago Hospital, is expected to be completed by Fall 2022. The unique ownership and transaction structure of the project allowed the authorities to exercise control over several aspects of the operation, without bearing the burdens typically associated with the ownership and financing of such a project.
Country updates
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September 02, 2020
Updated financial plan for Hudson River Rail Tunnel P3
The project's Contracting Authority, Gateway Program Development Corporation (GDC), has updated the initial financial plan for the Hudson River Rail Tunnel P3 Project.
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September 02, 2020
Contract award for desalination plant in Alice
The city of Alice in Texas, USA has awarded the concession for a desalination plant to Seven Seas Water Corporation. The project involves the development of a desalination plant with a capacity o...
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September 02, 2020
RFP launched for bridge project in Massachusetts
The city of Biloxi in Massachusetts, USA has launched a request for proposal (RFP) seeking private developer for a new fixed span Popps Ferry Bridge located in Biloxi. The concessionair...
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September 01, 2020
Los Angeles launches consultancy tender for West Los Angeles Civic Center and Courthouse project
The City of Los Angeles is seeking to engage a consultant to conduct financial analyses of proposals received in response to the Request for Proposals jointly issued by the City of Los Angeles and Cou...
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August 27, 2020
Preliminary approval for USD2bn Airport Air Train project in USA
A USD 2 billion plan to build an Air Train connecting New York City Midtown with LaGuardia Airport in Queens has received approval from federal authority.
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