This is the second in a series of articles by Michael R. Baird, Managing Director, RBC Capital Markets (bio below). The series addresses current issues impacting the P3 Higher Education Industry. You can read the first article, about tax reform, here. A primary goal of public-private partnerships (P3) is to transfer risk from a …
“The Best Vision Is Insight” (Make Your Market Study Count) Read More »
By Dr. Scott M. Helfrich, D.Ed., Director of Housing & Residential Programs at Millersville University and the owner of Helfrich Advisory Services, LLC. Bio below. | Cover photo courtesy of Millersville University. There are many variations of public-private partnerships (P3) between a university, the property owner (if not the university itself), and a third-party management …
Understanding the Campus and Third-Party Manager Relationship Read More »
By Andrew Lieber, Assistant Project Manager, Brailsford & Dunlavey. This article is Part 2 of a 2-part series. Part 1 is about concept insights; Part 2 is about process insights. Part 1 of this article identified a series of innovative partnerships that could be explored to enhance a collegiate athletics facility development. Whether it’s a …
Thinking Innovatively About Athletics Facilities Partnerships (Part 2) Read More »
By Chris Sherwood, Head of Business Development, Lendlease’s Communities business in the US. Bio below. Facing aging and outdated campus facilities, many colleges and universities are seeking inventive ways to deliver cost-effective, sustainable student housing despite flat or declining appropriations and debt capacity limitations. Public-Private Partnerships (P3s) provide creative, customizable solutions that leverage commercial …
Universities Don’t Have to Surrender Control With a Public-Private Partnership Read More »
By Dennis McDonald, Vice President for Student Affairs, The College of Saint Rose. Bio below. The College of Saint Rose was eager to find new property to build athletic fields on. Located in the heart of Albany, New York, the College didn’t have its own land for fields. And with no place to call …
By Brian Dugan, Director at Edgemoor Infrastructure & Real Estate. Bio below. This article is Part 2 of a 2-Part series. Part 1 looked at trends and challenges in higher education, and P3s as a tool to address these challenges. CASE STUDIES One of the common misperceptions is that university public-private partnerships (P3s) are …
By Eric Iravani, president of P3C Media, and executive director of the P3 Higher Education Summit. Bio below. This fall, we brought together more than 750 higher education and public-private partnership (“P3”) industry professionals at the annual P3 Higher Education Summit. Professionals from across the country engaged in thoughtful, energetic conversation via multiple days …
5 Key Takeaways from the P3 Higher Education Summit – Part 2 Read More »
By Brian Dugan, Director at Edgemoor Infrastructure & Real Estate. Bio below. This article is Part 1 of a 2-Part series. Part 2 features several case studies in which universities used P3s to deliver and manage facilities. Higher education is rapidly changing—politically, physically, and especially financially. After states cut funding following the Great Recession, …
By David Mucci, Director of the KU Memorial Union. Bio below. In the spring of 2015, the KU Memorial Union was invited to join a $350 million public/private partnership (3P) development that was transforming the University of Kansas (KU) landscape. The Union at KU operates as an auxiliary responsible for dining, retail and student …
The Student Union P3 Experience at the University of Kansas Read More »
By John Finke, President, Public Facilities Group. Bio below. The UW Medicine South Lake Union (pictured above) is a $500 Million Multi-Phased Biomedical Research Campus development project that used privately issued tax exempt debt and The New American Approach which is among the most frequently employed Public-Private Partnership (P3) models in the United States. …
