Public, Private Partnerships (P3)

Becker’s P3 team has proven public and private sector knowledge, experience and contacts to assist governmental entities and businesses seeking to partner on public facilities projects.

Continued downward pressure on government budgets combined with mounting need for improvements to roads, sewers, schools and other public assets creates business opportunities for private companies to partner with public entities to fill that void. Public, Private Partnerships (P3) are mutually advantageous arrangements allowing public needs to be met with private financing, ingenuity and experience and permits the public sector to transfer some of the risks of such projects to the private sector.

Becker established its Public, Private Partnership practice team with attorneys having proven public and private sector knowledge, experience and contacts in order to assist governmental entities and businesses seeking to partner on public facilities in overcoming dwindling government funds and ever-increasing demands for improved roads, sewers, schools, civic buildings and other public assets.

Becker’s P3 team has long standing experience representing governmental entities and private sector governmental vendors. Representative projects include Louisiana State University’s P3 development of the Nicholson Gateway, a residential hall/mixed use, multi-phase project estimated at approximately $400 million. Other P3 representations include projects at the University of Central Florida and Bethune Cookman University (a private development following the P3 model). The firm is currently engaged on P3 projects such as the Wet N Wild water park in Fort Lauderdale, the Broward County Convention Center Hotel and Nova Southeastern University’s residential hall (another private development following the P3 model). The firm represents both public and private sector participants, so we are adept at anticipating issues and concerns our client’s partners may have and we can offer early solutions.