Recently enacted legislation has revived the P3 (public-private partnership) conversation in New Jersey, with DMR, a longtime supporter of the model, leading the way through a variety of advocacy efforts, including published media, conference involvement, and webinars.
The P3 business model allows for public projects to be undertaken via a design-build-finance-operate-maintain methodology, rather than the traditional design-bid-build approach. Dating back as far as 2009, DMR encouraged the use of the P3 model, at the time through the Local Redevelopment and Housing Law. With the design-build construction approach a significant aspect of the model, and with a uniquely qualified staff of professionals with municipal government, real estate development, land use law, planning and financial budgeting and analysis experience, DMR is ideally qualified to help lead the way in P3 advocacy.
“As supporters of the model for more than 10 years, we are excited to finally have an enthusiastic audience to share our knowledge with,” Lloyd A. Rosenberg, AIA, President & CEO, said. “P3 legislation has been on our radar for years and we are excited to finally see its impact.”
A roundup of advocacy efforts includes:
- “New state law for public-private projects is an opportunity for design, construction firms” a feature article published in Real Estate New Jersey. (April 2019)
- “Public Infrastructure Procurement: A Whole New Ball Game?” a byline by Charles Sarlo, Esq., shared on the DMR blog and originally published in the NJAC County Biz newsletter. (April 2019)
- “Municipalities and P3” a byline by Charles Sarlo, Esq. published in New Jersey Municipalities. (March 2019)
- “P3 Potential: The New Law and Your Municipality”, a webinar sponsored by the New Jersey League of Municipalities (December 2018).
- “Infrastructure Public-Private Partnerships, its Role in the Future of New Jersey and its Benefit to Municipalities,” a professional development seminar at the New Jersey League of Municipalities Annual Conference. (November 2016).