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Ice Miller Whiteboard Public-Private Partnerships (P3)

Public-Private Partnerships (P3s): A Tool for Smart Growth and Cutting-Edge Infrastructure Innovation

Ice Miller Whiteboard (acting through a to-be-created P3 advisory affiliate) will offer outstanding service, skill, and value to our clients in the growing and innovative area of Public-Private Partnerships (P3s) for public infrastructure. Drawing on the breadth and depth of P3 experience of Ice Miller professionals, we can support clients through the entire life cycle of a P3 transaction, from concept through structuring to close, and, when necessary, through post-closing dispute resolution.
We will offer comprehensive consulting services for our clients – whether the client is new to P3s or an experienced participant – to help the client determine if in fact to pursue a P3, how to structure and sequence a P3, how to build effective partnerships and relationships based on the desired transaction structure, and how to bring a complex P3 transaction to successful close and beyond. Our concept-to-close consulting model means we support our clients through every stage of a complex P3 transaction – including initial determination of the optimal legal and financial pathway – to ensure their goals are realized in the most efficient and innovative ways possible.
Our P3 experience spans critical social infrastructure (e.g., higher education campus structures, municipal assets, health care facilities), traditional transportation infrastructure (e.g., bridges, highways, toll-ways), and cutting-edge Intelligent Transportation Systems, including components such as telecom, broadband, and autonomous and connected vehicles. Our experience includes both greenfield and brownfield projects.
We serve state and local governments and public institutions of higher education, as well as private developers, lending institutions, and infrastructure investors. We regularly advise public- and private-sector clients on P3 transactions, asset monetization projects, and other alternative project delivery and finance mechanisms, as well as the economic development impact of a project. In particular, our professionals have substantial experience helping public-sector clients structure effective P3s for large-scale, complex projects that leverage private dollars to improve public services.
More specifically, we advise all relevant constituencies within the client entity on a variety of alternative project design, construction, delivery, finance (together with your municipal advisor and the Ice Miller law firm), and operations and maintenance options for each project component in order to advance a comprehensive and unified plan. We know from extensive experience that a wider menu of potential project delivery choices requires additional counsel. As such, our counsel would involve an analysis of the relative costs and benefits of various alternative project design, finance and delivery mechanisms, the adequacy of the legal framework for options such as P3s and potential economic impacts. Furthermore, Ice Miller is an experienced and valuable member of the large teams often required in P3 transactions, regularly working closely with financial advisors and technical experts.

Finally, we have also assisted clients in a variety of “public-public” partnerships in which different governmental units cooperate on public improvements. In some instances, the governmental units are “parallel” or peer units, while in others, the units may be a combination of state and local governmental units or special purpose units with different powers and missions.
Our P3 advisory services are supported by Ice Miller’s extensive legal practice, including deep experience in the areas of Public-Private Partnership contracting and workouts, Public Finance, Higher Education, Real Estate, Construction, Intelligent Transportation Systems (including Broadband and Telecom) and Smart Cities, among others.

Ice Miller Whiteboard is not a “municipal advisor” within the meaning of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 and does not offer municipal advisory services.

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