How Public-Private Partnerships Can Boost Green Building
States are facing significant budget gaps. These budget gaps are going to negatively affect the green building industry. States looking to shore up budgets will cut new construction and maintenance of existing buildings in the coming years.
But there is a solution: public-private partnerships.
Just prior to the economic downturn, the phrase “public-private partnerships“ – or P3s – was on the tip of everyone’s tongue. Then the Great Recession hit, and billions of dollars were injected into the economy via the American Recovery and Reinvestment Act (ARRA).
Suddenly, states were flush with cash to pay for infrastructure projects and seemed to forget about P3s. However, the ARRA funding is running out and states will be looking for innovative ways to finance new construction and major rehabilitations of existing buildings…
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