Description
Public-Private Partnerships (“P3’s”) are a contractual arrangement between a government entity (federal, state or local) and a private entity to deliver a facility or service, drawing on the skills and assets of each participant.
Most often, both parties participate in the financial rewards and risks of the project. Build-to-suit and design-build contracts are two fairly common forms of P3 projects in California and Arizona.
Stone & Youngberg has been engaged in several of these arrangements to provide market insight on possible financing alternatives and to implement the chosen form of tax-exempt financing for the facility to be constructed