John Hennessy III,
P.E.
It is not a new concept, but transit-oriented development (TOD) has become a sweeping trend, as evidenced by new projects being launched throughout the United States. Congress has allocated billions to support the development of attractive residential and retail communities located near public transportation stations. The objective is to enhance the ease and convenience of […]
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The Atlantic hurricane season, which will continue until the end of November, officially began June 1. The season has started slower than usual, but the National Oceanic and Atmospheric Administration (NOAA) forecast is ominous. The 2024 season is predicted to be unusually active, with 17 to 25 named storms and eight to 13 hurricanes. By […]
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The National Fire Department Registry lists more than 52,290 registered fire stations in America, which are managed by approximately 1.2 million career, volunteer and civilian personnel. A similar list of state police departments in the U.S. outlines more than 19,000 local police facilities, 11,788 local police departments and 2,889 sheriff’s offices – this first-responder segment […]
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Public officials in every major city in America are dealing with responsibilities related to mental health issues of a portion of its citizens. County leaders in heavily populated regions are also dealing with the same problems. Their issues and challenges related to mental health and substance abuse impact public safety, homelessness and healthcare resources. The […]
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April has been a big month for airport infrastructure funding. Two separate announcements of new funding awards were made. The first announcement, on April 5, was for $148 million. On April 25, the second announcement allocated another $76 million to support airport projects. In April alone, $224 million was made available for initiatives to construct […]
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City and county budgets for 2024 are either approved or about to be approved throughout the country. Analyzing the planned expenditures for upcoming projects provides interesting insight into upcoming contracting opportunities of all types. Construction projects are usually tagged with the highest cost projections. But that broad category also includes more than just construction expertise. […]
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PennDOT operates one of the most ambitious and comprehensive public-private partnership (P3) programs in the nation. The featured projects bring value to Pennsylvania by significantly reducing structurally deficient bridges, supporting motorist safety, enhancing mass transit and rail service, and in some cases, generating new revenue to support future investment. –Pennsylvania Department of Transportation on YouTube
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Operational inefficiencies, passenger congestion, limited retail, access in and out of terminals and the negative passenger experience found in almost every U.S. airport is the result of outdated design, increasingly high demand, a lack of funding investment and a tendency to reject the concept of collaborating with private-sector experts. That, however, is changing.
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AMERICAN COUNCIL OF ENGINEERING COMPANIES (ACEC)
The U.S. has no shortage of high-profile P3 projects, particularly in Texas, Florida and California. One of the first major uses of the P3 model in the U.S. dates back to 1999, when the Port Authority of New York and New Jersey faced a limited debt capacity to finance necessary improvements to New York’s JFK International Airport. It ultimately turned to a consortium of private developers, operators and financiers to renovate the international terminal. In addition, a private company has a 28-year lease with the Port Authority to operate the terminal.
Texas A&M University recently announced plans to expand its student housing capacity by more than 3,400 beds with a unique agreement between public and private partners worth over $360 million. The announcement is similar to dozens just like it throughout the country. Student housing on university campuses is an extremely large, growing marketplace and most of the new projects are collaborative efforts called public-private partnerships (P3s).
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