Legislation

Recently passed bond issues result in new Contracting Opportunities

Political candidates weren’t the only ones vying for the attention of voters last week. More than 508 bond issues totaling approximately $48.8 billion were decided in elections throughout the country. 

The bond issues that passed will result in millions of dollars being spent on projects such as new school construction, water and wastewater upgrades, affordable housing, transportation infrastructure, flood protection and public safety.  

Differences in P3 use between U.S, Canada, Australia discussed at ULI Panel

At this year's Urban Land Institute's Fall Meeting in Boston, a panel examined the differences in public-private partnership adoption between Canada, the U.S. and Australia. Panelists noted, among other things, that Australia has typically used P3s to drive social outcomes, whereas the U.S. typically only utilizes P3s to minimize costs.

Read more here.

Leaders in Pitt County, North Carolina, to Review P3 Study

Public-private partnerships may be on the agenda for Pitt County, North Carolina. The Pitt County Board of Com­mis­sion­ers, Greenville City Coun­cil and Pitt County Devel­op­ment Com­mis­sion recently heard a presentation from the Con­ver­gent Non­profit So­lu­tions and Creative Con­sul­tant Stud­ies, who shared the results of a study indicating that a collaborative approach is needed for increased economic growth. In response, the Pitt County Board of Com­mis­sion­ers scheduled a workshop to review the results of the study.

Want to save on taxes? Check out Opportunity Zone investments!

Now that the rhetoric and the debate over passage of the federal tax bill have subsided, one component of that legislation is getting lots of attention. That would be "Opportunity Zones."

In June, the U.S. Department of the Treasury approved the final round selection efforts for designated opportunity zones. This new program allows investors to avoid capital gains tax by socking away profits by investing opportunity funds in designated zones throughout the country.  

Public-Private Partnerships have enriched Milwaukee's riverfront

Milwaukee's RiverWalk, a continuous, riverside pedestrian pathway that covers over 20 blocks, has served as an anchor for urban development in the city. The RiverWalk was developed through a public-private partnership; the city established tax increment financing (TIF) districts that aided private developers as property values rose from subsequent development.

Read more here.

ARTBA P3 Conference Charted 30 Years Of Public-Private Partnership Progress

With a large growing of infrastructure projects that need to be addressed and fewer sources of funding readily available, public-private partnerships are quickly becoming a more viable options to agencies and companies around the United States. While the municipal bond market has traditionally enabled domestic localities to finance projects, collaboration across sectors is hardly new.

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