american model. public-private partnerships public development private development public-private...
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American Model
American Model
Public-Private Partnerships
Public Development
Private Development
Public-Private Partnerships Privatization Subsidization
American Model
Design Phase
Architect & Engineer
General Contractor-Construction Manager
Public Agency
Sub-contractors
Developer Special PurposeEntity
The American ModelDevelopment Team at risk,Public Agency stays connected to fully collaborative process
Delivery Phase
Architect & Engineer
General Contractor-Construction Manager
Public Agency
Sub-contractors
Developer Special PurposeEntity
Lease
The American ModelDevelopment Team at risk,Public Agency stays connected to fully collaborative process
Operations Phase
Private Property Management on 3-5 year contracts with performance-based renewal
Public Agency
Special PurposeNot-for-Profit
Lease
The American ModelProperty Manager handled by a series of 3-5 year management agreements. Capital repairs funded by Repair & Replacement Reserve.
Two Approaches
• Public-Private Partnerships:• Two approaches to consider that
capture the best of public and private development
• 63-20• 501(c)(3)
• Public sector financing (tax exempt rates)• Private sector development (knowledge and experience)• The American Model
Key Players
Management
Contract
Bond
Proceeds
Development Agreement
Title to Improvements
Ground Lease
$ Bonds
Not for Profit
Bond Trustee
Public Agency
FacilityManager
Underwriter
Construction Payments
Bond Repayment
Use Agreement
Developer
Architect
General Contractor
Development Team
Bond Investors
Contact
John FinkeSenior Director & P3 Team LeaderNational Development [email protected](206) 448-5244http://www.ndcppp.org