Public Private Partnerships

Understanding

Public-Private (P3) Partnerships


A P3 is a partnership between the public and private sector that fulfills a necessary public function. The primary advantage of a P3 for a local government is in the financing arena. With an appropriate public revenue stream, the private sector develops, builds, finances, and maintains a public capital project while assuming almost all the risk.

P3


There are numerous examples of Public-Private Partnerships (P3’s) across America. Pat West possesses a significant background in this area. While in Long Beach, Pat worked closely initiating two of the largest municipal P3 projects in the United States. He played a significant role in assembling the land to negotiate a very complex land swap which resulted in the development of the George Deukmejian courthouse. This was an extremely successful $490 million Public-Private Partnership between the state of California, Los Angeles County and the private sector, sparked by the City of Long Beach.

Given his extensive background in this arena, Pat led the effort in assembling the land to negotiate a very complex land exchange that resulted in the development of the George Deukmejian Courthouse, now the newest courthouse in Los Angeles County.   The former Long Beach Courthouse was failing, both functionally and physically. It ranked as one of the worst in the State in security and overcrowding. As part of the exchange, the State received six acres of land for the new courthouse. The City received the 5-acre site of the old courthouse, which ultimately led to the development of the City’s new Civic Center (completed in 2019). This was an extremely successful $490 million Public-Private Partnership between the State of California, Los Angeles County and the private sector, sparked by the City of Long Beach.


The Long Beach Civic Center features an 11-story City Hall, an 11-story Port of Long Beach administrative tower, a 2- acre outdoor plaza and a 93,000 square foot downtown main library named after Long Beach native, Billie Jean King. It also will contain a future 4-acre park and approximately 600 residential units, along with ground-floor retail, all overlooking the beautiful Pacific Ocean.

More P3 Projects

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