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Public Private Partnership Success Stories – The Virginia Experience

McGuireWoods Consulting Georgia P3 Seminar Christopher D. Lloyd June 11, 2015 Atlanta, Georgia

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Dispelling the Myths

• Not a panacea • Not free money • Not a financing tool • Not privatization • Not about secret negotiations • Not just for contractors/developers • Not just for big firms

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PPEA Implementation

• Nearly 200 projects underway or completed statewide • At least 100 projects rejected and not pursued • Project values range from $500,000 to $2 billion • 65/35 split of unsolicited vs. solicited proposals • Approximately 80 localities have PPEA guidelines • Non-public finance now becoming more common to partially

offset development costs • Mixed-use development projects hold greatest potential

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Virginia PPEA Examples

Virginia Tech – Carillion School of Medicine and Research Institute, Roanoke, Virginia

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Virginia PPEA Examples

Wiehle Avenue – METRO development, Reston, Virginia

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Virginia PPEA Examples

George Mason University Graduate Housing Complex, Fairfax, Virginia

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Virginia PPEA Examples

Stafford County, Virginia

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Virginia PPEA Examples

Fredericksburg, Virginia Courthouse

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Virginia PPEA Examples

Western State Hospital, Staunton, Virginia

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Questions or Comments?

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