sample Public-Private Partnerships Projects
capitol hill towers
NJA Development Partners LP, proposed a mixed-use development for the Southeast area of Washington, DC. The project includes a 14-story Courtyard by Marriott, and a 13-story mixed-income apartment building with 9,900 square feet of ground floor retail and a 227-space underground parking garage. The developer applied for $11.5 million in TIF bond financing assistance. As part of the due diligence effort of the District, RKG Associates was retained to review the financial feasibility report submitted by the developer, as well as to perform an independent feasibility analysis and make projections about the amount of tax revenue that would be available to repay the TIF bonds once the project is operational. The TIF bond referendum for the Capitol Hill Towers project was approved.
interstate 81 tier 1 environmental impact statement
State of Virginia
RKG Associates, Inc. was part of a multi-disciplined team of national consultants retained to prepare a Tier 1 EIS for the 325-mile, Interstate 81 corridor in Virginia, from the West Virginia to Tennessee borders. RKG was primarily responsible for analyzing the socio-economic, economic impact, and indirect impacts associated with the project. Under The Public-Private Transportation Act (PPTA) of 1995, the Commonwealth of Virginia was reviewing two private proposals to construct, improve, maintain and operate Interstate 81. The Tier 1 EIS was a precursor to evaluating the efficacy of privatizing this stretch of highway.
Quincy center plan
RKG Associates, Inc., in conjunction with the BSC Group, prepared an urban renewal plan in support of the redevelopment of the downtown area of Quincy, Massachusetts. RKG also prepared a Development Improvement Finance (DIF) plan for the downtown area that can be used to leverage private sector investment and help pay for needed infrastructure improvements. The City has initiated the first phase of the project, which will be a $20 million bypass around the downtown. The city has also rezoned the downtown area to encourage higher density development and has designated a preferred developer to help implement the master plan prepared initially by Goody Clancy.
graceland tax increment financing/blight study
Elvis Presley Enterprises, Inc. (EPE) is embarking on a multi-million dollar upgrade and expansion of the Graceland properties, a major tourism and economic venue in Memphis. Some public assistance is being sought to help fund off-site roadway and infrastructure improvements along Elvis Presley Boulevard. Tennessee offers several alternative funding mechanisms to assist in financing such public investments. Included among these are the potential revenue streams represented by incremental changes in property tax receipts and in sales tax receipts. RKG is working with EPE and the City to both qualify and quantify these potential revenue streams.