Leveraging Public-Private Partnerships for Project Development: Deal Structures and Documentation

Allocating and Minimizing Risks for Owners and Developers

Recording of a 90-minute premium CLE webinar with Q&A


Conducted on Tuesday, January 21, 2020

Recorded event now available

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Program Materials

This CLE webinar will provide real estate and project counsel with a review of U.S. trends in public-private partnerships (P3s), analyze optimal deal structures, and provide best practices for P3 documentation to mitigate risk.

Description

In the past decade, the public sector has implemented innovative uses of P3s to meet the challenges of decaying facilities and infrastructure. More states have passed broad laws enabling their use for construction of a wide range of public projects. But structuring a P3 requires achieving a balance between the private sector's need for early capital and the public sector's need to limit risk.

New opportunities require potential private partners and their counsel to understand the many different P3 structures, each of which allocates risk and control differently. Financing available in the public arena includes tax increment financing, PILOT programs, improvement districts, sales tax sharing, and tax abatements. Counsel must be able to navigate the documentation processes for each.

The debt-equity capital stack will vary with each deal. Most projects will also have a temporary financing structure during construction followed by a permanent structure upon completion or some later point. The public sector has numerous capital sources that can lower the cost of capital for public/private projects, including municipal bonds and tax credits. P3 counsel must understand the structures of each and how they fit into the lifecycle of the transaction.

Listen as our authoritative panel discusses how counsel to private developers and investors can knowledgeably leverage the opportunities of P3 projects, decide which is the optimal deal structure, and provide best practices for P3 documentation to mitigate risk.

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Outline

  1. Market trends and P3 project opportunities
  2. Delivery models
  3. Creating the optimal deal structure
  4. Project documentation

Benefits

The panel will review these and other key issues:

  • What factors determine which P3 structure is optimal for a particular type of project?
  • What is the difference between the various delivery models?
  • What are the respective risks of different delivery models for project developers and sponsors?

Faculty

O’Sullivan, Patrick
Patrick J. O’Sullivan, Jr.

Partner
Herrick Feinstein

Mr. O’Sullivan represents developers, investors, governmental entities and not-for-profit institutions on a range...  |  Read More

Renner, Charles
Charles G. Renner

Partner
Husch Blackwell

Mr. Renner, Chair of the firm’s Public-Private Partnership Team, has played a leading role in facilitating...  |  Read More

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Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

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