Public-private partnerships (P3) offer public agencies and the private sector ways to employ cooperative arrangements to achieve shared goals. As public agencies increasingly explore ways to monetize real property assets to financially benefit and utilize land for suitable purposes, Best Best & Krieger LLP (BBK) attorneys offer guidance and representation.
Our P3 attorneys provide strategic advice to public and private clients that reflects both the long-term and short-term goals of the parties. We take a non-adversarial, solution-oriented approach that considers all interested parties’ needs and the P3 project’s expected lifecycle to ensure a smooth process.
From idea development through negotiation, procurement, implementation and completion, we advise on all aspects of public-private partnerships and joint ventures, including:
- Affordable housing projects
- Sports facilities
- Asset management, monetization and joint-use agreements
- Commercial, retail and industrial incentives
- Health care service facilities
- Major downtown projects, hotels and convention centers
- Military base reuse
- Procurement and alternative service delivery
- Property leasing and joint-use arrangements
- Public facilities and infrastructure procurement and financing
- Statutory development agreements
- Telecommunications (domestic and international)
- Transportation projects
Our team integrates public agency law, land use, commercial law, real estate transactions and finance, and public finance and construction law experience, positioning us to provide comprehensive guidance to ensure success. Combining real-world business experience with extensive knowledge about how government agencies work, we advise on government legislative and decision-making processes, political environments and financing tools, governing laws and public relations concerns.
Additionally, we advise on allocation and management of the risks inherent in each transaction, including design, construction, operation, financing and taxation impacts, as well as state and federal regulatory issues, which are often at the heart of public-private partnerships.
BBK attorneys have pioneered new and evolving public-private contractual arrangements for transportation and public infrastructure projects, redevelopment, military base reuse, master planned communities, commercial and industrial projects. We provide the tools that enable public entities, private project proponents and investors new and expanded opportunities to succeed, especially during trying economic times. Whether it is the delivery of capital projects or a particular service, a concession, performance, an incentive, or a philanthropic agreement, BBK has the experience to help P3 partners reach workable solutions.