Bilzin’s Dotson Discusses Public-Private Partnerships

MIAMI-With state and local government budgets remaining tight—and liquidity for new commercial and residential real estate construction still hard to come by—many public entities and private organizations are forging symbiotic relationships that are financing critical projects that would otherwise be impossible to fund.  

South Florida is a strong example. Look no further than the Port of Miami dredge project, Tri-Rail mobility project, Miami Art Museum, and UM Life Science & Technology Park for current examples of local and regional public projects with private financing. With millions of dollars of bond money expected to flood the state over the years ahead, public-private partnerships are poised to become even more important.